Nuveen California Municipal Value FundNCA
Market Cap: $302M
About: Nuveen California Municipal Value Fund Inc is a diversified closed-end management investment company. Its primary objective is to provide current income exempt from regular federal and California income taxes. The fund's secondary objective is to enhance portfolio value relative to the California municipal bond market by investing in tax-exempt California municipal securities that the Fund's investment adviser and/or the Fund's sub-adviser believes are underrated or undervalued or that represent municipal market sectors that are undervalued.
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
13% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 16
2% less funds holding
Funds holding: 61 [Q1] → 60 (-1) [Q2]
4.77% less ownership
Funds ownership: 26.3% [Q1] → 21.53% (-4.77%) [Q2]
13% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 8
21% less capital invested
Capital invested by funds: $78.3M [Q1] → $61.8M (-$16.5M) [Q2]
Research analyst outlook
We haven’t received any recent analyst ratings for NCA.