Nuveen California Municipal Va (NYSE:NCA) Share Price Breaks Below 50 Day Moving Average – Should You Sell?

Nuveen California Municipal Va (NYSE:NCA)’s share price crossed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $8.50 and traded as low as $8.40. Nuveen California Municipal Va shares last traded at $8.4250, with a volume of 97,128 shares.

Nuveen California Municipal Va Stock Down 1.9%

The firm’s 50 day simple moving average is $8.48 and its two-hundred day simple moving average is $9.09.

Nuveen California Municipal Va Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 13th will be given a $0.03 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Friday, November 13th.

Institutional Investors Weigh In On Nuveen California Municipal Va

Several institutional investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. bought a new position in Nuveen California Municipal Va during the 3rd quarter worth $7,479,000. Wedbush Securities Inc. bought a new stake in shares of Nuveen California Municipal Va during the 3rd quarter valued at $524,000. Bank of America Corp DE lifted its position in shares of Nuveen California Municipal Va by 55.3% during the 1st quarter. Bank of America Corp DE now owns 163,915 shares of the company’s stock valued at $1,538,000 after acquiring an additional 58,338 shares during the period. OneAscent Family Office LLC bought a new stake in shares of Nuveen California Municipal Va during the 3rd quarter valued at $492,000. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in shares of Nuveen California Municipal Va by 9.2% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 462,105 shares of the company’s stock worth $4,311,000 after purchasing an additional 38,762 shares in the last quarter. 21.46% of the stock is currently owned by institutional investors.

About Nuveen California Municipal Va

Nuveen California Municipal Value Fund is a closed-end investment company that invests primarily in municipal securities issued by California state and local governments and related public entities. These securities may finance public projects and services such as schools, transportation, utilities, and other infrastructure. The fund seeks to provide current income that is exempt from regular federal income tax and California personal income tax, while also seeking to preserve capital. Its portfolio is managed by Nuveen Fund Advisors, an investment adviser within Nuveen.