Wedbush Securities Inc. Purchases 61,754 Shares of Nuveen California Municipal Va $NCA

Wedbush Securities Inc. purchased a new position in Nuveen California Municipal Va (NYSE:NCA) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 61,754 shares of the company’s stock, valued at approximately $524,000. Wedbush Securities Inc. owned about 0.19% of Nuveen California Municipal Va as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Fifth Third Bancorp acquired a new stake in shares of Nuveen California Municipal Va during the first quarter valued at $67,000. Investor s Fiduciary Advisor Network LLC acquired a new position in Nuveen California Municipal Va in the 2nd quarter valued at about $122,000. Readystate Asset Management LP purchased a new position in Nuveen California Municipal Va in the 2nd quarter valued at about $169,000. D.A. Davidson & CO. lifted its holdings in Nuveen California Municipal Va by 18.1% in the 1st quarter. D.A. Davidson & CO. now owns 34,657 shares of the company’s stock valued at $325,000 after purchasing an additional 5,310 shares in the last quarter. Finally, Sweeney & Michel LLC lifted its holdings in Nuveen California Municipal Va by 2.9% in the 3rd quarter. Sweeney & Michel LLC now owns 66,606 shares of the company’s stock valued at $567,000 after purchasing an additional 1,902 shares in the last quarter. 21.46% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen California Municipal Va Stock Up 0.7%

Nuveen California Municipal Va stock opened at $8.39 on Wednesday. Nuveen California Municipal Va has a 12-month low of $8.12 and a 12-month high of $9.80. The firm’s 50-day moving average is $8.63 and its two-hundred day moving average is $9.15.

Nuveen California Municipal Va Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.36 annualized dividend and a dividend yield of 4.3%.

About Nuveen California Municipal Va

Nuveen California Municipal Value Fund (NYSE: NCA) is a closed-end investment company managed by Nuveen, a global asset manager. The fund seeks to provide current income that is exempt from regular federal income tax and California state income tax, while also pursuing the potential for capital appreciation.

The fund invests primarily in municipal securities issued by the state of California and its municipalities, public agencies and other governmental entities. Its portfolio may include bonds financing public infrastructure and essential services such as transportation, utilities, education, health care and housing.

Because it is a closed-end fund, NCA issues a fixed number of exchange-listed shares that trade on the New York Stock Exchange.