Nuveen California Municipal Value Fund (NYSE:NCA – Get Rating) declared a monthly dividend on Wednesday, May 4th, Wall Street Journal reports. Shareholders of record on Friday, May 13th will be paid a dividend of 0.0245 per share on Wednesday, June 1st. This represents a $0.29 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date is Thursday, May 12th.
Shares of Nuveen California Municipal Value Fund stock opened at $8.78 on Thursday. Nuveen California Municipal Value Fund has a fifty-two week low of $8.69 and a fifty-two week high of $11.00. The business’s fifty day moving average is $9.19 and its two-hundred day moving average is $9.73.
Institutional investors have recently modified their holdings of the business. Morgan Stanley lifted its stake in shares of Nuveen California Municipal Value Fund by 4.2% during the 3rd quarter. Morgan Stanley now owns 807,941 shares of the company’s stock worth $8,524,000 after purchasing an additional 32,857 shares during the period. Wells Fargo & Company MN raised its position in shares of Nuveen California Municipal Value Fund by 22.1% in the 4th quarter. Wells Fargo & Company MN now owns 340,971 shares of the company’s stock worth $3,451,000 after buying an additional 61,726 shares during the period. Finally, Millennium Management LLC purchased a new position in shares of Nuveen California Municipal Value Fund in the 4th quarter worth $231,000. 21.52% of the stock is currently owned by institutional investors.
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.
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