Nuveen California Municipal Va $NCA Shares Sold by 1607 Capital Partners LLC

1607 Capital Partners LLC decreased its position in Nuveen California Municipal Va (NYSE:NCA) by 23.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 255,520 shares of the company’s stock after selling 80,128 shares during the period. 1607 Capital Partners LLC owned approximately 0.77% of Nuveen California Municipal Va worth $2,274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Comerica Bank purchased a new position in shares of Nuveen California Municipal Va in the first quarter worth about $62,000. Summitry LLC purchased a new stake in Nuveen California Municipal Va in the third quarter valued at approximately $111,000. Steward Partners Investment Advisory LLC boosted its position in Nuveen California Municipal Va by 8.0% in the second quarter. Steward Partners Investment Advisory LLC now owns 16,200 shares of the company’s stock valued at $141,000 after buying an additional 1,200 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management acquired a new position in Nuveen California Municipal Va in the 3rd quarter worth approximately $182,000. Finally, Wedbush Securities Inc. increased its holdings in Nuveen California Municipal Va by 22.9% in the 3rd quarter. Wedbush Securities Inc. now owns 33,764 shares of the company’s stock worth $300,000 after buying an additional 6,300 shares during the period. Institutional investors and hedge funds own 21.46% of the company’s stock.

Nuveen California Municipal Va Price Performance

NCA opened at $9.27 on Friday. Nuveen California Municipal Va has a 12-month low of $8.22 and a 12-month high of $9.80. The firm has a 50 day moving average of $9.41 and a two-hundred day moving average of $9.06.

Nuveen California Municipal Va Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be issued a dividend of $0.03 per share. This represents a c) annualized dividend and a dividend yield of 3.9%. This is a boost from Nuveen California Municipal Va’s previous monthly dividend of $0.03. The ex-dividend date of this dividend is Friday, March 13th.

Nuveen California Municipal Va Company Profile

Nuveen California Municipal Value Fund, Inc (NYSE: NCA) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal and California state income taxes. The fund pursues its objective by investing substantially all of its assets in a diversified portfolio of municipal securities issued by entities located in or having projects based in California. Its holdings primarily include revenue and general obligation bonds, with an emphasis on investment-grade and select high-yield issues.

The portfolio management team employs a disciplined credit analysis process to assess the financial strength, revenue streams and underlying collateral of each issuer.