Nuveen California Quality Municipal Income Fund (NYSE:NAC) Stock Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Shares of Nuveen California Quality Municipal Income Fund (NYSE:NAC) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $11.43 and traded as low as $11.15. Nuveen California Quality Municipal Income Fund shares last traded at $11.20, with a volume of 649,091 shares.

Nuveen California Quality Municipal Income Fund Trading Down 0.2 %

The firm has a fifty day simple moving average of $11.43 and a 200-day simple moving average of $11.61.

Nuveen California Quality Municipal Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be issued a $0.0735 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 7.88%.

Institutional Investors Weigh In On Nuveen California Quality Municipal Income Fund

A number of institutional investors have recently made changes to their positions in the company. Ignite Planners LLC increased its holdings in shares of Nuveen California Quality Municipal Income Fund by 9.2% in the 4th quarter. Ignite Planners LLC now owns 288,357 shares of the company’s stock valued at $3,302,000 after acquiring an additional 24,323 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in shares of Nuveen California Quality Municipal Income Fund by 137.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 145,942 shares of the company’s stock valued at $1,665,000 after acquiring an additional 84,452 shares during the last quarter. XTX Topco Ltd increased its holdings in shares of Nuveen California Quality Municipal Income Fund by 142.8% in the 3rd quarter. XTX Topco Ltd now owns 30,451 shares of the company’s stock valued at $362,000 after acquiring an additional 17,911 shares during the last quarter. EP Wealth Advisors LLC increased its holdings in shares of Nuveen California Quality Municipal Income Fund by 15.4% in the 3rd quarter. EP Wealth Advisors LLC now owns 17,552 shares of the company’s stock valued at $209,000 after acquiring an additional 2,344 shares during the last quarter. Finally, Stifel Financial Corp increased its holdings in shares of Nuveen California Quality Municipal Income Fund by 12.2% in the 3rd quarter. Stifel Financial Corp now owns 37,984 shares of the company’s stock valued at $452,000 after acquiring an additional 4,128 shares during the last quarter.

Nuveen California Quality Municipal Income Fund Company Profile

Nuveen California Quality Municipal Income 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, United States. The fund invests in undervalued municipal securities and other related investments that are exempt from regular federal and California income taxes.