Nuveen California Municipal Value Fund (NYSE:NCA) Share Price Passes Below 50 Day Moving Average – Time to Sell?

Nuveen California Municipal Value Fund (NYSE:NCA) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $8.60 and traded as low as $8.46. Nuveen California Municipal Value Fund shares last traded at $8.48, with a volume of 47,220 shares trading hands.

Nuveen California Municipal Value Fund Trading Up 0.3 %

The stock’s fifty day simple moving average is $8.60 and its 200-day simple moving average is $8.85.

Nuveen California Municipal Value Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be paid a $0.029 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date is Wednesday, January 15th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC grew its holdings in shares of Nuveen California Municipal Value Fund by 36.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 29,688 shares of the company’s stock worth $251,000 after buying an additional 7,997 shares during the last quarter. Mutual Advisors LLC grew its position in Nuveen California Municipal Value Fund by 12.6% during the fourth quarter. Mutual Advisors LLC now owns 18,752 shares of the company’s stock worth $158,000 after buying an additional 2,096 shares during the period. HighTower Advisors LLC grew its holdings in shares of Nuveen California Municipal Value Fund by 45.8% in the 3rd quarter. HighTower Advisors LLC now owns 17,500 shares of the company’s stock worth $160,000 after acquiring an additional 5,500 shares during the period. Nwam LLC purchased a new position in shares of Nuveen California Municipal Value Fund in the third quarter valued at $191,000. Finally, Advisors Asset Management Inc. increased its holdings in Nuveen California Municipal Value Fund by 4.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 585,102 shares of the company’s stock valued at $5,336,000 after acquiring an additional 22,456 shares in the last quarter. Institutional investors and hedge funds own 21.46% of the company’s stock.

About Nuveen California Municipal Value Fund

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.