Nuveen California Quality Municipal Income Fund·Financial Services

Nuveen California Quality Municipal Income Fund (NAC) is rated Buy, offering leveraged exposure to long-dated, investment-grade California municipal bonds. NAC delivers a 7.5% yield, translating to a 16.34% tax-equivalent yield for top-bracket California residents—unmatched in IG fixed income for this profile. The fund's portfolio is concentrated on the long end of the muni curve, aligning with current fair value opportunities but increasing rate sensitivity and duration risk.

Nuveen California Quality Municipal Income Fund (NYSE: NAC - Get Free Report) crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $11.80 and traded as low as $11.53. Nuveen California Quality Municipal Income Fund shares last traded at $11.5850, with a volume of 731,644 shares. Nuveen

Nuveen California Quality Municipal Income Fund (NYSE: NAC - Get Free Report) saw a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 308,415 shares, a decline of 20.8% from the January 29th total of 389,609 shares. Based on an average trading volume of 470,269 shares,
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. It primarily invests in securities that are rated Baa or BBB or better by Moody's Investors Service, Inc. or Standard & Poor's, and have an average maturity of 20.96 years. The fund employs fundamental analysis with a bottom-up approach to create its portfolio. It benchmarks the performance of its portfolio against the Standard & Poor's (S&P) California Municipal Bond Index and Standard & Poor's (S&P) National Municipal Bond Index. The fund was formerly known as Nuveen California Dividend Advantage Municipal Fund. Nuveen California Quality Municipal Income Fund was formed on December 1, 1998 and is domiciled in the United States.
Financial Services
Asset Management - Income
1999-05-26
0.58
Market Peers





