Nuveen CA Dividend Advantage Muni. Fund (NAC) : Van Hulzen Asset Management reduced its stake in Nuveen CA Dividend Advantage Muni. Fund by 1.45% during the most recent quarter end. The investment management company now holds a total of 156,337 shares of Nuveen CA Dividend Advantage Muni. Fund which is valued at $2,645,222 after selling 2,300 shares in Nuveen CA Dividend Advantage Muni. Fund , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Nuveen CA Dividend Advantage Muni. Fund makes up approximately 1.46% of Van Hulzen Asset Management’s portfolio.
Other Hedge Funds, Including , Feltz Wealth Plan sold out all of its stake in NAC during the most recent quarter. The investment firm sold 3,820 shares of NAC which is valued $64,520.Investors Capital Advisory Services boosted its stake in NAC in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 15,000 shares of Nuveen CA Dividend Advantage Muni. Fund which is valued at $253,650. Nuveen CA Dividend Advantage Muni. Fund makes up approx 0.05% of Investors Capital Advisory Services’s portfolio.Wedbush Securities Inc reduced its stake in NAC by selling 2,800 shares or 6.67% in the most recent quarter. The Hedge Fund company now holds 39,183 shares of NAC which is valued at $662,585. Nuveen CA Dividend Advantage Muni. Fund makes up approx 0.11% of Wedbush Securities Inc’s portfolio.
Nuveen California Dividend Advantage Municipal Fund is a diversified closed-end management investment company. The Fund’s investment objective and principal investment strategy is to provide current income exempt from both regular federal and California state income taxes and in the case of California AMT-Free Income (NKX) the alternative minimum tax applicable to individuals by investing primarily in a portfolio of municipal obligations issued by state and local government authorities within the state of California or certain United States territories. 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 is judged by the manager to be of comparable quality. The Fund’s investment adviser is Nuveen Fund Advisors LLC a wholly owned subsidiary of Nuveen Investments Inc.