Nuveen California Municipal Value Fund (NYSE:NCA) Stock Price Crosses Below 50-Day Moving Average – What’s Next?

Nuveen California Municipal Value Fund (NYSE:NCA) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $8.60 and traded as low as $8.46. Nuveen California Municipal Value Fund shares last traded at $8.48, with a volume of 47,220 shares.

Nuveen California Municipal Value Fund Stock Up 0.3 %

The company has a 50 day moving average of $8.60 and a 200-day moving average of $8.85.

Nuveen California Municipal Value Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be paid a dividend of $0.029 per share. The ex-dividend date is Wednesday, January 15th. This represents a $0.35 dividend on an annualized basis and a yield of 4.11%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. bought a new position in Nuveen California Municipal Value Fund in the second quarter valued at about $63,000. James Investment Research Inc. bought a new stake in shares of Nuveen California Municipal Value Fund in the 3rd quarter valued at $93,000. Watts Gwilliam & Co. LLC bought a new position in shares of Nuveen California Municipal Value Fund in the 3rd quarter worth about $98,000. Farther Finance Advisors LLC acquired a new position in Nuveen California Municipal Value Fund in the third quarter valued at approximately $117,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Nuveen California Municipal Value Fund during the 2nd quarter valued at $119,000. 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.