NCA Stock Summary and Trading Ideas (Nuveen Ca Muni Value | NYSE:NCA)

The fund seeks current income exempt from both regular federal income taxes and California personal income tax; its secondary investment objective is the enhancement of portfolio value. The fund invests in municipal securities that are exempt from federal and California state income taxes. The fund invests at least 80% of its managed assets in securities rated, at the time of investment, investment grade (Baa/BBB or better by S&P, Moody’s, or Fitch) or, if they are unrated, are judged by the manager to be of comparable quality. The fund may invest up to 20% of its managed assets in municipal securities rated below investment quality or judged by the manager to be of comparable quality, of which up to 10% of its managed assets may be rated below B-/B3 or of comparable quality. The fund may invest in inverse floating rate municipal securities, also known as tender option bonds. The fund’s use of tender option bonds to more efficiently implement its investment strategy may create up to 10% effective leverage.

Nuveen Ca Muni Value trades on the NYSE stock market under the symbol NCA.

As of April 17, 2024, NCA stock price climbed to $8.67 with 75,009 million shares trading.

NCA has a beta of 0.82, meaning it tends to be less sensitive to market movements. NCA has a correlation of 0.34 to the broad based SPY ETF.

NCA has a market cap of $287.05 million. This is considered a Small Cap stock.

In the last 3 years, NCA stock traded as high as $11.00 and as low as $7.77.

NCA has underperformed the market in the last year with a return of -0.9%, while the SPY ETF gained +23.0%. In the last 3 month period, NCA fell short of the market, returning -1.3%, while SPY returned +5.7%. However, in the most recent 2 weeks NCA has outperformed the stock market by returning -2.8%, while SPY returned -3.5%.

NCA support price is $8.57 and resistance is $8.72 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NCA stock will trade within this expected range on the day.