Advisors Asset Management Inc. Increases Holdings in Nuveen California Municipal Va $NCA

Advisors Asset Management Inc. increased its position in Nuveen California Municipal Va (NYSE:NCA) by 16.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 764,596 shares of the company’s stock after acquiring an additional 105,670 shares during the period. Advisors Asset Management Inc. owned about 2.31% of Nuveen California Municipal Va worth $6,805,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of NCA. Comerica Bank bought a new position in Nuveen California Municipal Va in the first quarter valued at about $62,000. Royal Bank of Canada boosted its holdings in shares of Nuveen California Municipal Va by 4.4% in the first quarter. Royal Bank of Canada now owns 144,263 shares of the company’s stock worth $1,248,000 after buying an additional 6,072 shares during the last quarter. Mutual Advisors LLC grew its position in Nuveen California Municipal Va by 40.6% during the second quarter. Mutual Advisors LLC now owns 39,150 shares of the company’s stock valued at $330,000 after buying an additional 11,300 shares during the period. D.A. Davidson & CO. grew its position in Nuveen California Municipal Va by 40.0% during the second quarter. D.A. Davidson & CO. now owns 26,966 shares of the company’s stock valued at $234,000 after buying an additional 7,710 shares during the period. Finally, Atlas Private Wealth Advisors increased its holdings in Nuveen California Municipal Va by 208.5% during the second quarter. Atlas Private Wealth Advisors now owns 100,988 shares of the company’s stock valued at $877,000 after buying an additional 68,256 shares during the last quarter. Hedge funds and other institutional investors own 21.46% of the company’s stock.

Nuveen California Municipal Va Trading Down 1.3%

Shares of Nuveen California Municipal Va stock opened at $9.43 on Friday. Nuveen California Municipal Va has a 1-year low of $8.22 and a 1-year high of $9.80. The company’s fifty day simple moving average is $9.19 and its 200-day simple moving average is $8.94.

Nuveen California Municipal Va Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 13th will be given a dividend of $0.029 per share. The ex-dividend date is Friday, February 13th. This represents a c) annualized dividend and a yield of 3.7%.

About Nuveen California Municipal Va

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.