Nuveen California Quality Municipal Income Fund (NYSE:NAC) Stock Passes Below 50-Day Moving Average of $10.98

Nuveen California Quality Municipal Income Fund (NYSE:NAC) shares crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $10.98 and traded as low as $10.67. Nuveen California Quality Municipal Income Fund shares last traded at $10.78, with a volume of 337,843 shares.

Nuveen California Quality Municipal Income Fund Price Performance

The company’s 50-day simple moving average is $10.97 and its 200-day simple moving average is $10.63.

Nuveen California Quality Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be given a $0.049 dividend. This represents a $0.59 annualized dividend and a yield of 5.47%. The ex-dividend date is Friday, April 12th.

Institutional Trading of Nuveen California Quality Municipal Income Fund

Several large investors have recently bought and sold shares of the company. RHS Financial LLC grew its position in shares of Nuveen California Quality Municipal Income Fund by 24.6% during the first quarter. RHS Financial LLC now owns 27,370 shares of the company’s stock worth $302,000 after buying an additional 5,398 shares in the last quarter. Riverview Trust Co bought a new position in Nuveen California Quality Municipal Income Fund during the first quarter worth $117,000. Ignite Planners LLC lifted its stake in Nuveen California Quality Municipal Income Fund by 20.9% during the first quarter. Ignite Planners LLC now owns 212,658 shares of the company’s stock worth $2,339,000 after purchasing an additional 36,728 shares during the last quarter. Southland Equity Partners LLC lifted its stake in Nuveen California Quality Municipal Income Fund by 43.2% during the first quarter. Southland Equity Partners LLC now owns 90,940 shares of the company’s stock worth $1,002,000 after purchasing an additional 27,440 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake in Nuveen California Quality Municipal Income Fund by 7.5% during 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.

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.