B. Riley Wealth Management Inc. purchased a new stake in shares of Nuveen California Municipal Value Fund 2 (NYSE:NCB) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 23,400 shares of the company’s stock, valued at approximately $367,000.
Separately, Stratos Wealth Partners LTD. purchased a new stake in Nuveen California Municipal Value Fund 2 during the third quarter worth $148,000.
NCB traded down $0.11 during midday trading on Friday, hitting $15.67. 1,436 shares of the company traded hands, compared to its average volume of 3,450. Nuveen California Municipal Value Fund 2 has a 52-week low of $14.79 and a 52-week high of $17.45.
The business also recently disclosed a monthly dividend, which will be paid on Friday, February 1st. Shareholders of record on Tuesday, January 15th will be issued a dividend of $0.054 per share. This represents a $0.65 annualized dividend and a yield of 4.14%. The ex-dividend date of this dividend is Monday, January 14th.
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Nuveen California Municipal Value Fund 2 Profile
Nuveen California Municipal Value Fund 2 is a close-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 fixed income markets of California. The fund primarily invests its assets in municipal securities.
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