NAC Nuveen California Quality Municipal Income Fund

XNYS
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Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Fibonacci levels Insider trading

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

NAC — —
Key stats
About
Exchange
XNYS
Market Cap
$1.6B
List Date
1999-05-26
CIK
0001074952
Homepage
https://www.nuveen.com

Nuveen California Quality Municipal Income Fund is a closed-end fixed income mutual fund that prominently invests in tax-exempt municipal bonds from California. The Fund's primary investment objective is current income exempt from both regular federal income taxes and Arizona individual income taxes. Its portfolio mainly includes investment-grade municipal securities of California. The fund targets various sectors such as healthcare, utilities, transportation, and consumer staples.

Fund profile
Municipal Bond State Muni Nuveen US
Expense ratio
—
Assets
$1.5B
shares × price, Oct 21, 2026
Trailing yield
—
Average daily volume
$16M
30 sessions
Holdings
—
Listed
May 26, 1999
NYSE
FrenzyCap ETF score
77
how it is built
Costn/a
Liquidity73
Scale81
Diversificationn/a

Moves with. US large-cap stocks (12% of its variance, beta 0.28); Long Treasuries (7% of its variance, beta 0.25); Gold (3% of its variance, beta 0.05). These factors explain 22% of its daily moves over the last year, so most of what drives this fund is something else.

Overlap toolAll State Muni ETFs

Similar funds
FundOverlapFeeAssets1Y
CMFiShares California Muni Bond ETF—0.08%$5.2B−4.6%compare
VTECVanguard California Tax-Exempt Bond ETF—0.06%$2.6B−4.9%compare
NYFiShares New York Muni Bond ETF—0.09%$1.7B−4.8%compare
NYMAB New York Intermediate Municipal ETF—0.27%$1.3B—compare
CAMAB California Intermediate Municipal ETF—0.27%$1.2B−3.4%compare

The largest other funds in the State Muni category.

Summary
—
composite
—
No summary data available for this symbol yet.

Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.

Chart
Seasonality
'21'22'23'24'25'26Avg
Jan-0.86%-4.42%3.14%-0.45%-0.70%0.84%-0.41%
Feb-3.51%-7.99%-7.33%-1.26%2.02%0.67%-2.90%
Mar1.64%-5.34%1.29%-0.27%-2.94%-3.48%-1.52%
Apr1.74%-8.00%-0.82%-2.09%-3.10%1.88%-1.73%
May2.70%4.83%-1.94%1.30%-0.27%1.42%1.34%
Jun1.02%-2.22%2.63%4.63%2.20%0.50%1.46%
Jul0.82%1.77%-0.91%0.61%-1.78%-3.74%-0.54%
Aug-0.44%-4.11%-4.24%0.94%-0.09%0.09%-1.31%
Sep-1.51%-8.35%-7.12%0.34%2.50%-10.79%-4.16%
Oct-1.86%-9.15%-2.19%-4.26%3.28%-2.19%*-2.73%
Nov0.92%8.99%11.58%1.93%-1.25%--4.43%
Dec0.45%-1.25%3.55%-3.42%0.17%---0.10%
Total0.94%-31.35%-3.75%-2.30%-0.21%-14.46%-8.52%
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $10.10
SMA 50: $10.82
SMA 200: $11.62
Current: $10.04
EMA 12: $10.07
EMA 26: $10.29
MACD: -0.2203 | Signal: 0.0446
BEARISH
ADX (14): 49.23
STRONG TREND
+DI: 14.18
−DI: 26.34

Momentum Oscillators

RSI (14): 39.16
NEUTRAL
Stoch %K: 40.95
Stoch %D: 37.13
Williams %R: -41.67

Volume & Volatility

BB Upper: $10.40
BB Lower: $9.81
NEUTRAL
OBV: -1,009,958
Vol SMA 20: 1,444,840
Vol ROC: -91.38%
ATR: $0.19
True Range: $0.09
HV 20: 19.0%
HV 30: 19.2%
HV 60: 16.6%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis

LLM Stock Analysis Report: NAC

Executive Summary

Overall Assessment: NEUTRAL with confidence level (6/10)

Key Drivers:

  • Technical indicators suggest a range-bound market with neutral momentum signals.
  • Volatility is relatively low, indicating reduced risk.
  • Recent news headlines are neutral, providing no significant catalysts.

Primary Risks:

  • The stock's low volatility may indicate a lack of price movement potential.
  • The absence of earnings data makes it difficult to assess the company's financial performance.

Investment Thesis: NAC appears to be in a consolidation phase, with both technical and fundamental indicators suggesting a range-bound market. While there are no significant catalysts driving the stock higher or lower, the low volatility suggests reduced risk. A patient investor may consider holding or scaling into NAC, but it is essential to monitor news and sentiment closely.

Recent News Sentiment Impact: The recent news headlines are neutral, with no significant impact on the stock's price movement.

Technical Analysis

Trend Direction: Short-term (1-4 weeks): NEUTRAL Medium-term (1-3 months): NEUTRAL Long-term (3-12 months): RANGE-BOUND

Support/Resistance Levels:

  • Lower Bollinger Band: $11.88
  • Middle Bollinger Band: $12.04
  • Upper Bollinger Band: $12.20
  • SMA 20: $12.04
  • SMA 50: $11.98
  • SMA 200: $11.85

Momentum Signals:

  • RSI (14): 56.58 (neutral)
  • MACD: 0.04 / Signal: -0.00 / Histogram: 0.04 (bullish)

News & Sentiment Analysis

Recent Headlines Summary: The recent news headlines are neutral, providing no significant catalysts for the stock's price movement.

Sentiment Assessment: Neutral sentiment prevails, with no clear bullish or bearish bias.

Catalyst Identification: No imminent earnings releases or regulatory changes that could significantly impact the stock's price.

Market Narrative: The market narrative is neutral, with no strong trends or sentiment cues.

Risk & Volatility Assessment

Beta Interpretation: Risk relative to market (beta = 0.22) - relatively low volatility.

Volatility Regime: Current vs historical volatility levels: Low volatility regime persists.

Options Market Signals: No options data available.

Downside Protection: Support levels and risk management considerations:

  • Lower Bollinger Band: $11.88
  • Middle Bollinger Band: $12.04

Market Context & Positioning

Sector Performance: Relative strength vs sector/market: NAC is in line with the overall market performance.

Institutional Activity: No significant institutional activity detected.

Correlation Analysis: How stock moves relative to market (R-squared interpretation): Low correlation suggests reduced risk.

Relative Valuation: Position within trading range:

  • Lower Bollinger Band: $11.88
  • Middle Bollinger Band: $12.04
  • Upper Bollinger Band: $12.20

Key Levels & Action Items

Critical Price Levels:

  • Lower Bollinger Band: $11.88
  • Middle Bollinger Band: $12.04
  • Upper Bollinger Band: $12.20

Breakout/Breakdown Levels: No significant breakout or breakdown levels detected.

Time-Sensitive Catalysts: No imminent earnings releases or regulatory changes that could significantly impact the stock's price.

Risk Management: Stop-loss levels and position sizing considerations:

  • Lower Bollinger Band: $11.88
  • Middle Bollinger Band: $12.04

Please note that this analysis is based on the provided data, and it is essential to monitor the market and news closely for any updates or changes in the stock's dynamics.

Generated
News
All NAC news →

NAC Options Activity & IV Rank

Loading options activity...
Spread Scanner GPU
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
ATM — / Wing —
30 DTE / 10d —
— pts EXTREME
ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis

Risk Metrics

Beta: 0.3023
Alpha: -19.81%
Correlation: 0.3580
R-Squared: 12.8%
Stock Volatility: 10.7%
Market Volatility: 12.7%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Beta & Alpha Over Time
Notable investors who own NAC
1 of 37 tracked investors
InvestorValueShare of their portfolioRankQ/Q sharesSource
Rockefeller Capital Management Family office
Rockefeller family
$15.0M
0.02%
#579 of 4729+1.1%13F

Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions

NAC Institutional Ownership (13F)

Latest filings — 2026-09-30

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

142 filers26,335,061 shares$315.68M value
# Filer Shares Value % of Total % of Float Period
1 Morgan Stanley Custodian 6,934,080 $84.04M 26.62% — 2026-06-30
2 GUGGENHEIM CAPITAL LLC 3,486,662 $42.26M 13.39% — 2026-06-30
3 Wells Fargo & Company Custodian 2,055,441 $24.91M 7.89% — 2026-06-30
4 Advisors Asset Management, Inc. 1,877,055 $22.75M 7.21% — 2026-06-30
5 Rockefeller Capital Management L.P. Custodian 1,236,961 $14.99M 4.75% — 2026-06-30
6 Bank of America Corp Custodian 1,150,444 $13.94M 4.42% — 2026-06-30
7 UBS Group AG Custodian 906,262 $10.98M 3.48% — 2026-06-30
8 LPL Financial LLC Custodian 611,995 $7.42M 2.35% — 2026-06-30
9 Hennion & Walsh Asset Management, Inc. 575,568 $5.90M 1.87% — 2026-09-30
10 Allianz Asset Management GmbH 475,879 $5.77M 1.83% — 2026-06-30
11 Ignite Planners, LLC 493,787 $5.06M 1.60% — 2026-09-30
12 LM Advisors LLC 334,729 $4.06M 1.29% — 2026-06-30
13 Ameriprise Financial, Inc. Custodian 261,691 $3.17M 1.00% — 2026-06-30
14 Sanctuary Advisors, LLC 257,109 $3.12M 0.99% — 2026-06-30
15 Private Advisor Group, LLC 237,265 $2.88M 0.91% — 2026-06-30
16 Raymond James Financial, Inc. Custodian 219,110 $2.66M 0.84% — 2026-06-30
17 WHITTIER TRUST CO 211,287 $2.56M 0.81% — 2026-06-30
18 DKM Wealth Management, Inc. 242,401 $2.48M 0.79% — 2026-09-30
19 PFG Investments, LLC 199,004 $2.41M 0.76% — 2026-06-30
20 OneDigital Investment Advisors LLC 177,723 $2.15M 0.68% — 2026-06-30
21 Royal Bank of Canada Custodian 171,666 $2.08M 0.66% — 2026-06-30
22 Quantinno Capital Management LP 161,512 $1.96M 0.62% — 2026-06-30
23 Southland Equity Partners LLC 185,940 $1.91M 0.60% — 2026-09-30
24 COMMONWEALTH EQUITY SERVICES, LLC 138,030 $1.67M 0.53% — 2026-06-30
25 MAI Capital Management 117,564 $1.43M 0.45% — 2026-06-30
# Filer Notional Value % of Total Period
# Filer Notional Value % of Total Period

NAC Insider Trading (Form 4)

Latest: 2026-01-14
Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
Filed Reporter Role Action Shares Avg Price Net $ Link
2026-01-14 JPMorgan Chase Bank, N.A. 10%+ Owner Other (J) −240 — EDGAR
2025-07-30 WELLS FARGO & COMPANY/MN 10%+ Owner Other (J) −360 — EDGAR
2024-02-23 Wells Fargo Municipal Capital Strategies, LLC 10%+ Owner Other (J) −900 — EDGAR
2020-06-19 CITIGROUP INC 10%+ Owner Sell (S) −1,589 $100000.00 -$158.90M EDGAR
2018-01-31 Wells Fargo Municipal Capital Strategies, LLC 10%+ Owner Other (J) +3,500 — EDGAR
2017-11-17 Wells Fargo Municipal Capital Strategies, LLC 10%+ Owner Award (A) +3,200 — EDGAR
2017-08-21 BARCLAYS PLC 10%+ Owner Sell (S) −1,141 $100000.00 -$114.10M EDGAR
2017-07-28 BARCLAYS PLC 10%+ Owner Buy (P) +50 $100000.00 $5.00M EDGAR
2017-07-25 BARCLAYS PLC 10%+ Owner Buy (P) +50 $100000.00 $5.00M EDGAR
2017-07-21 BARCLAYS PLC 10%+ Owner Sell (S) −260 $100000.00 -$26.00M EDGAR
2016-10-07 CITIGROUP INC 10%+ Owner Sell (S) −355 $100000.00 -$35.50M EDGAR
2016-09-30 CITIGROUP INC 10%+ Owner Buy (P) +55 $100000.00 $5.50M EDGAR
2016-09-20 CITIGROUP INC 10%+ Owner Sell (S) −445 $100000.00 -$44.50M EDGAR
2016-09-01 CITIGROUP INC 10%+ Owner Sell (S) −150 $100000.00 -$15.00M EDGAR
2016-05-03 CITIGROUP INC 10%+ Owner Sell (S) −100 $100000.00 -$10.00M EDGAR
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.

NAC Insider Holdings

2 insiders · @ $10.04
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
# Insider Role Shares Disclosed Exposure Lifetime OM Net Filings Last Filed
1 WELLS FARGO & COMPANY/MN 10%+ Owner 2,570 $25.8K $0 1 2025-07-30
2 JPMorgan Chase Bank, N.A. 10%+ Owner 1,349 $13.6K $0 1 2026-01-14
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
ETF Holders
1 ETF hold NAC
1 shown · $53.48K total exposure · 3.34% AUM-weighted avg weight
# ETF Provider Weight $ Exposure ETF AUM As Of
1 YYYM Amplify Municipal CEF High Income ETF Amplify 3.34% $53,477 $1.6M 2026-10-20
Fundamentals

Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.

Metrics
  • Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
  • Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
  • Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
  • Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
  • Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
  • YoY growth — compare to the same quarter a year earlier to remove seasonality.
  • Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
  • Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.

TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.