Nuveen California Quality Municipal Income Fund (NYSE:NAC) Shares Up 0.3% – What’s Next?

Nuveen California Quality Municipal Income Fund (NYSE:NAC)’s share price traded up 0.3% during trading on Thursday . The company traded as high as $11.05 and last traded at $11.03. 256,564 shares were traded during mid-day trading, a decline of 45% from the average session volume of 466,769 shares. The stock had previously closed at $10.99.

Nuveen California Quality Municipal Income Fund Trading Up 0.3 %

The business has a fifty day moving average price of $11.04 and a two-hundred day moving average price of $11.29.

Nuveen California Quality Municipal Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be given a $0.0735 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 8.00%. The ex-dividend date of this dividend is Thursday, May 15th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Perigon Wealth Management LLC increased its stake in shares of Nuveen California Quality Municipal Income Fund by 9.2% in the fourth quarter. Perigon Wealth Management LLC now owns 16,568 shares of the company’s stock worth $185,000 after acquiring an additional 1,400 shares during the last quarter. US Bancorp DE grew its stake in Nuveen California Quality Municipal Income Fund by 52.9% in the first quarter. US Bancorp DE now owns 4,400 shares of the company’s stock valued at $49,000 after purchasing an additional 1,523 shares in the last quarter. Cerity Partners LLC increased its position in Nuveen California Quality Municipal Income Fund by 3.8% in the 4th quarter. Cerity Partners LLC now owns 54,505 shares of the company’s stock worth $615,000 after purchasing an additional 2,000 shares during the last quarter. Pacific Wealth Strategies Group Inc. raised its stake in shares of Nuveen California Quality Municipal Income Fund by 3.4% during the 4th quarter. Pacific Wealth Strategies Group Inc. now owns 75,736 shares of the company’s stock worth $855,000 after purchasing an additional 2,512 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Nuveen California Quality Municipal Income Fund by 13.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 21,383 shares of the company’s stock valued at $240,000 after buying an additional 2,574 shares during the last quarter.

About Nuveen California Quality Municipal Income Fund

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.