Nuveen California Quality Municipal Income Fund (NAC) Has Bearish Multiple Bottom Chart Pattern Trading At $13.32

June 27, 2018 - By Sarah Harris

Big Money Sentiment increased to 1.48 in Q1 2018. It has change of 0.15, from 2017Q4’s 1.33. The ratio improved due to Nuveen California Quality Municipal Income Fund positioning: 11 sold and 14 reduced. 15 funds bought holdings and 22 increased holdings. Investors holded 6.63 million in 2017Q4 but now own 6.62 million shares or 0.14% less.
14,000 are owned by Suntrust Banks Incorporated. Whittier Trust Com has invested 0.14% in Nuveen California Quality Municipal Income Fund (NYSE:NAC). First Allied Advisory Serv Inc owns 0.03% invested in Nuveen California Quality Municipal Income Fund (NYSE:NAC) for 65,206 shs. Retail Bank Of New York Mellon invested in 0% or 38,643 shs. Advsrs Asset Management invested in 0.14% or 597,551 shs. Bokf Na has invested 0.01% in Nuveen California Quality Municipal Income Fund (NYSE:NAC). Creative Planning invested in 0% or 38,585 shs. Tortoise Inv Mngmt Llc invested in 28,300 shs. Rand Wealth Limited Liability Co owns 10,612 shs or 0.02% of their US capital. 18,669 were reported by Bailard. Guggenheim Ltd Liability holds 0.02% or 524,412 shs. Moreover, First Trust Advsrs Limited Partnership has 0% invested in Nuveen California Quality Municipal Income Fund (NYSE:NAC) for 13,993 shs. Blume Cap Mngmt Inc reported 300 shs stake. Sei Com holds 0% or 3,700 shs. Citigroup Inc holds 0% or 70 shs in its capital.

Multiple bottoms chart was formed by Nuveen California Quality Municipal Income Fund (NAC) with $12.12 price target or 9.00 % below today’s $13.32 share price. Finviz.com reported this chart on Jun, 27. If our $12.12 price target is hit NAC’s valuation can change by $173.97M.

NAC is touching $13.32 during the last trading session, after decreased 0.30%.Currently Nuveen California Quality Municipal Income Fund is downtrending after 9.24% change in last June 27, 2017. NAC has also 188,660 shares volume. NAC underperformed by 21.81% the S&P 500.

Another two news for Nuveen California Quality Municipal Income Fund (NYSE:NAC) were recently brought out by: Equitiesfocus.com on June 25, 2018 with title “NUVEEN CA Div A/COM (NYSE:NAC) Shares Bought by Apriem Advisors”. The other Businesswire.com‘s article was titled “Nuveen Closed-End Funds Complete Preferred Share Actions” and brought out on June 21, 2018.

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