Nuveen California Municipal Value Fund (NYSE:NCA) Trading 0.2% Higher

Shares of Nuveen California Municipal Value Fund (NYSE:NCA) rose 0.2% during trading on Wednesday . The company traded as high as $8.79 and last traded at $8.75. Approximately 40,200 shares changed hands during trading, a decline of 28% from the average daily volume of 55,653 shares. The stock had previously closed at $8.73.

Nuveen California Municipal Value Fund Price Performance

The stock’s 50-day moving average is $8.85 and its two-hundred day moving average is $8.67.

Nuveen California Municipal Value Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be issued a $0.029 dividend. The ex-dividend date is Friday, April 12th. This represents a $0.35 annualized dividend and a dividend yield of 3.98%.

Hedge Funds Weigh In On Nuveen California Municipal Value Fund

A number of large investors have recently bought and sold shares of NCA. Cantor Fitzgerald Investment Advisors L.P. purchased a new stake in Nuveen California Municipal Value Fund in the 4th quarter valued at about $105,000. Raymond James & Associates boosted its holdings in shares of Nuveen California Municipal Value Fund by 69.8% in the fourth quarter. Raymond James & Associates now owns 66,913 shares of the company’s stock valued at $600,000 after purchasing an additional 27,500 shares during the period. Miracle Mile Advisors LLC purchased a new position in Nuveen California Municipal Value Fund during the 4th quarter worth $152,000. First Foundation Advisors raised its position in Nuveen California Municipal Value Fund by 11.0% during the 3rd quarter. First Foundation Advisors now owns 207,332 shares of the company’s stock valued at $1,702,000 after purchasing an additional 20,482 shares in the last quarter. Finally, RB Capital Management LLC lifted its holdings in shares of Nuveen California Municipal Value Fund by 11.0% in the 3rd quarter. RB Capital Management LLC now owns 15,328 shares of the company’s stock worth $126,000 after buying an additional 1,518 shares during the period. Hedge funds and other institutional investors own 21.46% of the company’s stock.

About Nuveen California Municipal Value Fund

Nuveen California Municipal Value 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. The fund invests primarily in municipal securities rated Baa/BBB or better.