Nuveen California Quality Municipal Income Fund (NYSE:NAC) Stock Price Crosses Below 50-Day Moving Average of $10.92

Nuveen California Quality Municipal Income Fund (NYSE:NAC)’s stock price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $10.92 and traded as low as $10.78. Nuveen California Quality Municipal Income Fund shares last traded at $10.80, with a volume of 476,707 shares traded.

Nuveen California Quality Municipal Income Fund Trading Up 0.2 %

The firm has a 50-day simple moving average of $10.92 and a 200-day simple moving average of $10.70.

Nuveen California Quality Municipal Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th were issued a $0.049 dividend. This represents a $0.59 dividend on an annualized basis and a yield of 5.45%. The ex-dividend date of this dividend was Friday, April 12th.

Hedge Funds Weigh In On Nuveen California Quality Municipal Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Oder Investment Management LLC grew its stake in shares of Nuveen California Quality Municipal Income Fund by 2.9% in the fourth quarter. Oder Investment Management LLC now owns 44,949 shares of the company’s stock worth $498,000 after purchasing an additional 1,253 shares during the last quarter. Raymond James & Associates grew its stake in shares of Nuveen California Quality Municipal Income Fund by 1.3% in the third quarter. Raymond James & Associates now owns 110,258 shares of the company’s stock worth $1,064,000 after purchasing an additional 1,441 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Nuveen California Quality Municipal Income Fund by 7.5% in the first quarter. International Assets Investment Management LLC now owns 26,600 shares of the company’s stock worth $293,000 after purchasing an additional 1,860 shares during the last quarter. Davidson Trust Co. grew its stake in shares of Nuveen California Quality Municipal Income Fund by 1.3% in the fourth quarter. Davidson Trust Co. now owns 159,240 shares of the company’s stock worth $1,766,000 after purchasing an additional 1,976 shares during the last quarter. Finally, Weaver Consulting Group grew its stake in shares of Nuveen California Quality Municipal Income Fund by 12.1% in the fourth quarter. Weaver Consulting Group now owns 18,500 shares of the company’s stock worth $205,000 after purchasing an additional 2,000 shares during the last quarter.

Nuveen California Quality Municipal Income Fund Company Profile

Nuveen California Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of California, United States. The fund invests in undervalued municipal securities and other related investments that are exempt from regular federal and California income taxes.