UBS Group AG Increases Position in Nuveen California Municipal Va $NCA

UBS Group AG increased its position in Nuveen California Municipal Va (NYSE:NCA) by 38.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,792,954 shares of the company’s stock after purchasing an additional 501,505 shares during the quarter. UBS Group AG owned approximately 5.42% of Nuveen California Municipal Va worth $16,047,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. lifted its holdings in shares of Nuveen California Municipal Va by 2.3% during the 3rd quarter. Raymond James Financial Inc. now owns 141,178 shares of the company’s stock valued at $1,256,000 after purchasing an additional 3,132 shares during the last quarter. Advisory Services Network LLC purchased a new position in Nuveen California Municipal Va in the 3rd quarter worth $33,000. Royal Bank of Canada raised its stake in Nuveen California Municipal Va by 4.4% in the 1st quarter. Royal Bank of Canada now owns 144,263 shares of the company’s stock worth $1,248,000 after acquiring an additional 6,072 shares during the last quarter. Wedbush Securities Inc. grew its position in Nuveen California Municipal Va by 22.9% during the 3rd quarter. Wedbush Securities Inc. now owns 33,764 shares of the company’s stock worth $300,000 after purchasing an additional 6,300 shares during the period. Finally, Comerica Bank acquired a new stake in Nuveen California Municipal Va during the 1st quarter worth about $62,000. Institutional investors own 21.46% of the company’s stock.

Nuveen California Municipal Va Stock Down 0.4%

Shares of NCA opened at $9.68 on Wednesday. The business’s 50-day moving average is $9.33 and its two-hundred day moving average is $9.23. Nuveen California Municipal Va has a fifty-two week low of $8.33 and a fifty-two week high of $9.80.

Nuveen California Municipal Va Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be given a dividend of $0.03 per share. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Friday, May 15th.

Nuveen California Municipal Va Company Profile

Nuveen California Municipal Value Fund, Inc (NYSE: NCA) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal and California state income taxes. The fund pursues its objective by investing substantially all of its assets in a diversified portfolio of municipal securities issued by entities located in or having projects based in California. Its holdings primarily include revenue and general obligation bonds, with an emphasis on investment-grade and select high-yield issues.

The portfolio management team employs a disciplined credit analysis process to assess the financial strength, revenue streams and underlying collateral of each issuer.