NAC: Quick, Sharp Gain Leads Me To A More Cautious Stance (Rating Downgrade) [Seeking Alpha]
Nuveen California Quality Municipal Income Fund (NAC)
US:NYSE Investor Relations:
nuveen.com/cef/product/overview.aspx?fundcode=nac
Company Research
Source: Seeking Alpha
Follow Play 10min Summary I previously recommended NAC in June, anticipating a muni sector rebound, which has proven accurate. Going forward, I think gains will be more modest. The fund offers value for investors seeking tax-exempt income if they are in higher tax brackets. NAC has seen its discount to NAV narrow and is utilizing a significant portion of return of capital to pay its distribution. These two attributes justify a less bullish rating now. This idea was discussed in more depth with members of my private investing community, CEF/ETF Income Laboratory. Learn More » J Studios Main Thesis/Background The purpose of this article is to evaluate the Nuveen California Quality Municipal Income Fund ( NYSE: NAC ) as an investment option at its current market price. This is a closed-end fund whose objective is to "seek current income exempt from both regular federal income taxes and California personal income tax; its secondary investment objective is the enhancem
Show less
Read more
Impact Snapshot
Event Time:
NAC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
NAC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
NAC alerts
High impacting Nuveen California Quality Municipal Income Fund news events
Weekly update
A roundup of the hottest topics
NAC
Sec Filings
- 11/14/24 - Form N-CEN
- 11/14/24 - Form DEFA14A
- 11/8/24 - Form N-CSR
- NAC's page on the SEC website