Nuveen California Municipal Va (NYSE:NCA) Stock Price Breaks Below Fifty Day Moving Average – What’s Next?

Shares of Nuveen California Municipal Va (NYSE:NCA) passed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $8.50 and traded as low as $8.40. Nuveen California Municipal Va shares last traded at $8.4250, with a volume of 97,128 shares changing hands.

Nuveen California Municipal Va Stock Down 1.5%

The stock’s fifty day moving average price is $8.50 and its 200-day moving average price is $9.10.

Nuveen California Municipal Va Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be given a dividend of $0.03 per share. This represents a $0.36 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Friday, November 13th.

Institutional Trading of Nuveen California Municipal Va

Institutional investors and hedge funds have recently bought and sold shares of the business. OneAscent Family Office LLC acquired a new stake in shares of Nuveen California Municipal Va in the third quarter valued at approximately $492,000. Fifth Third Bancorp boosted its stake in shares of Nuveen California Municipal Va by 98.5% during the 3rd quarter. Fifth Third Bancorp now owns 14,110 shares of the company’s stock worth $120,000 after acquiring an additional 7,000 shares during the period. Plancorp LLC bought a new position in shares of Nuveen California Municipal Va during the 3rd quarter worth approximately $95,000. Gerber Kawasaki Wealth & Investment Management increased its holdings in shares of Nuveen California Municipal Va by 6.1% during the 3rd quarter. Gerber Kawasaki Wealth & Investment Management now owns 70,022 shares of the company’s stock worth $594,000 after acquiring an additional 4,000 shares during the last quarter. Finally, Wedbush Securities Inc. acquired a new position in shares of Nuveen California Municipal Va during the 3rd quarter worth approximately $524,000. Institutional investors own 21.46% of the company’s stock.

About Nuveen California Municipal Va

Nuveen California Municipal Value Fund (NYSE: NCA) is a closed-end investment company managed by Nuveen, a global asset manager. The fund seeks to provide current income that is exempt from regular federal income tax and California state income tax, while also pursuing the potential for capital appreciation. The fund invests primarily in municipal securities issued by the state of California and its municipalities, public agencies and other governmental entities. Its portfolio may include bonds financing public infrastructure and essential services such as transportation, utilities, education, health care and housing.