Nuveen California Municipal Value Fund 2 (NYSEMKT:NCB) Stock Price While Sentiment Worsens

September 16, 2018 - By Robert Shackelford

Sentiment for Nuveen California Municipal Value Fund 2 (NYSEMKT:NCB)

Nuveen California Municipal Value Fund 2 (NYSEMKT:NCB) institutional sentiment decreased to 1.07 in 2018 Q2. Its down -0.43, from 1.5 in 2018Q1. The ratio has dropped, as 16 investment professionals opened new or increased positions, while 15 reduced and sold stock positions in Nuveen California Municipal Value Fund 2. The investment professionals in our partner’s database now hold: 2.02 million shares, up from 1.95 million shares in 2018Q1. Also, the number of investment professionals holding Nuveen California Municipal Value Fund 2 in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 6 Reduced: 9 Increased: 5 New Position: 11.

Nuveen California Municipal Value Fund 2 is a close-ended fixed income mutual fund launched by Nuveen Investments Inc. The company has market cap of $49.91 million. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It has a 25.86 P/E ratio. It invests in fixed income markets of California.

The stock decreased 1.91% or $0.3 during the last trading session, reaching $15.13. About 31,213 shares traded or 475.35% up from the average. Nuveen California Municipal Value Fund 2 (NYSEMKT:NCB) has declined 13.62% since September 16, 2017 and is downtrending. It has underperformed by 29.24% the S&P500.

Tortoise Investment Management Llc holds 0.29% of its portfolio in Nuveen California Municipal Value Fund 2 for 112,108 shares. First Foundation Advisors owns 455,482 shares or 0.25% of their US portfolio. Moreover, Rivernorth Capital Management Llc has 0.14% invested in the company for 181,586 shares. The Connecticut-based Greenwich Investment Management Inc. has invested 0.1% in the stock. Winfield Associates Inc., a Ohio-based fund reported 20,000 shares.

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