Today’s Ownership Action: Nuveen California Municipal Value Fund Inc (NYSE:NCA) First Quarter Institutional Investor Sentiment Steady

November 17, 2016 - By kentuckypostne   ·   0 Comments

Today's Ownership Action: Nuveen California Municipal Value Fund Inc (NYSE:NCA) First Quarter Institutional Investor Sentiment Steady

Sentiment for Nuveen California Municipal Value Fund Inc (NYSE:NCA)

Nuveen California Municipal Value Fund Inc (NYSE:NCA) institutional sentiment decreased to 1 in 2016 Q2. Its down -0.78, from 1.78 in 2016Q1. The ratio has worsened, as 9 investment professionals increased and started new equity positions, while 9 reduced and sold equity positions in Nuveen California Municipal Value Fund Inc. The investment professionals in our partner’s database now own: 1.62 million shares, up from 1.61 million shares in 2016Q1. Also, the number of investment professionals holding Nuveen California Municipal Value Fund Inc in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 4 Reduced: 5 Increased: 9 New Position: 0.

Nuveen California Municipal Value Fund, Inc. is a diversified closed-end management investment company. The company has a market cap of $282.81 million. The Fund seeks to provide current income exempt from both regular federal and California state income taxes, and in the case of California Alternative Minimum Tax -Free Income (NKX) the AMT applicable to individuals, by investing primarily in a portfolio of municipal obligations issued by state and local government authorities within the state of California or certain United States territories. It has a 21.69 P/E ratio. The Company’s portfolio composition includes tax obligation/limited, tax obligation/general, the United States guaranteed, healthcare and transportation.

About 11,055 shares traded hands. Nuveen California Municipal Value Fund (NYSE:NCA) has declined 8.38% since April 15, 2016 and is downtrending. It has underperformed by 13.00% the S&P500.

First Foundation Advisors holds 0.23% of its portfolio in Nuveen California Municipal Value Fund for 281,400 shares. San Francisco Sentry Investment Group (Ca) owns 29,050 shares or 0.2% of their US portfolio. Moreover, Paragon Capital Management Ltd has 0.06% invested in the company for 10,000 shares. The California-based Clenar Muke Llc has invested 0.03% in the stock. Gemmer Asset Management Llc, a California-based fund reported 4,688 shares.#img1#

NCA Company Profile

Nuveen California Municipal Value Fund, Inc. (the Fund) is a closed-end diversified management investment company. The Fund seeks current income exempt from both regular federal income taxes and California personal income tax. The Fund invests substantially all of its assets in a diversified portfolio of long-term California municipal obligations issued by state and local government authorities within the state of California or certain United States territories. The Fund invests at least 80% of its net assets in investment-grade quality municipal bonds (Baa/BBB or better). It may invest up to 20% of its net assets in municipal bonds that are rated Ba/BB or B, or that are unrated but judged to be of comparable quality by the Fund’s investment advisor.

More notable recent Nuveen California Municipal Value Fund (NYSE:NCA) news were published by: Nasdaq.com which released: “Nuveen California Municipal Value Fund, Inc. (NCA) Ex-Dividend Date Scheduled …” on September 12, 2016, also Businesswire.com with their article: “Nuveen Announces Results of Closed-End Fund Shareholder Meetings” published on August 19, 2014, 247Wallst.com published: “UBS Highlights Top Tax-Free Closed-End Municipal Bond Funds to Own (NUV, NXR …” on March 29, 2013. More interesting news about Nuveen California Municipal Value Fund (NYSE:NCA) were released by: Businesswire.com and their article: “Five Nuveen Closed-End Funds Transfer to New York Stock Exchange” published on August 16, 2016 as well as Seekingalpha.com‘s news article titled: “In Search Of Income: Municipal Bond CEFs (Part II)” with publication date: January 20, 2015.

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