Nuveen California Quality Mncpl Incm Fnd (NAC) Director Michael John Saliken Sells 110,000 Shares

Nuveen California Quality Mncpl Incm Fnd (NYSE:NAC) Director Michael John Saliken sold 110,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $1.12, for a total value of $123,200.00.

Shares of Nuveen California Quality Mncpl Incm Fnd (NYSE NAC) traded up $0.04 during mid-day trading on Tuesday, reaching $13.61. The company’s stock had a trading volume of 374,057 shares, compared to its average volume of 408,395. Nuveen California Quality Mncpl Incm Fnd has a 12-month low of $13.26 and a 12-month high of $15.58.

The firm also recently announced a monthly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be paid a dividend of $0.0585 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 5.16%.

Institutional investors and hedge funds have recently bought and sold shares of the company. Tortoise Investment Management LLC purchased a new position in shares of Nuveen California Quality Mncpl Incm Fnd during the fourth quarter valued at approximately $163,000. Leisure Capital Management purchased a new position in shares of Nuveen California Quality Mncpl Incm Fnd during the third quarter valued at approximately $173,000. Bank of New York Mellon Corp purchased a new position in shares of Nuveen California Quality Mncpl Incm Fnd during the second quarter valued at approximately $202,000. Ameriprise Financial Inc. increased its stake in shares of Nuveen California Quality Mncpl Incm Fnd by 18.9% during the second quarter. Ameriprise Financial Inc. now owns 14,682 shares of the company’s stock valued at $221,000 after buying an additional 2,332 shares during the period. Finally, Mutual Advisors LLC purchased a new position in shares of Nuveen California Quality Mncpl Incm Fnd during the fourth quarter valued at approximately $229,000.

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Nuveen California Quality Mncpl Incm Fnd Company Profile

Nuveen California Quality Municipal Income Fund, formerly Nuveen California Dividend Advantage Municipal Fund, is a closed-ended fund. The Fund provides investment solutions designed to help secure the long-term goals of individual investors and the advisors who serve them. It seeks current income exempt from both regular federal income taxes and California personal income tax and its secondary investment objective is the enhancement of portfolio value.

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