FMP
Nuveen California Quality Municipal Income Fund
NAC
NYSE
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.
11.17 USD
-0.01 (-0.08953%)
Seeking Alpha
Jun 9, 2024
I continue to view munis as a reasonable equity hedge and see an opportunity in California munis in particular. NAC has recently seen a sharp income boost and is managed by Nuveen, a popular player in the muni market. The fund's discount and underlying holdings also make for supporting buy factors at this moment.
Seeking Alpha
Mar 8, 2024
Markets were flat, but upcoming events like the jobs report, PMIs, and ECB meeting are important.
Seeking Alpha
Nov 20, 2023
The Nuveen California Quality Municipal Income Fund is a closed-end fund trading at a discount to net asset values of around 13.88%. The NAC fund focuses on municipal securities in California, which are typically not taxed like regular income in California or by the federal government. The fund has a high leverage ratio and interest rate risk, but activist funds on the shareholder record may help narrow the discount to net asset value.
Seeking Alpha
Mar 7, 2022
Cali munis are well supported in terms of credit risk and liquidity. This has been led by a macro-recovery, strong tax receipts, and a budget surplus. NAC, in particular, looks nice because of its underlying holdings and the fact that the fund has a large discount to NAV.
seekingalpha.com
Jun 29, 2020
This is a weekly series focused on analyzing the previous week’s economic data releases. The objective is to concentrate on leading indicators of economic activ
GuruFocus
May 18, 2020
SEEKINGALPHA
Apr 28, 2020
Speaking to reporters at the White House, President Trump said any aid to states should be related to its COVID-19 costs, not for mismanagement of states' budgets.via Bloomberg.On a separate issue, Tr
SEEKINGALPHA
Apr 28, 2020
Senate Majority leader Mitch McConnell (R-KY), in comments Monday, said he ultimately expects the Congress to approve aid for states and cities impacted by coronavirus spending, clarifying that his co
SEEKINGALPHA
Apr 22, 2020
The next D.C. bailout battle (the so-called "Phase 4") continues over when and how much to send to states and municipalities.While the president and Democratic congressional leaders have signa
THELINCOLNIANONLINE
Apr 13, 2020
Pacific Wealth Strategies Group Inc. raised its holdings in shares of Nuveen California Quality Muncpl IncmFnd (NYSE:NAC) by 7.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 491,256 shares of the company’s stock after buying an additional 35,806 shares during the […]