Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) Trading 0.6% Higher – What’s Next?

Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN)’s share price shot up 0.6% during trading on Tuesday . The stock traded as high as $12.16 and last traded at $12.1390. 12,687 shares traded hands during trading, a decline of 9% from the average session volume of 14,010 shares. The stock had previously closed at $12.07.

Nuveen New York Select Tax-Free Income Portfolio Stock Up 0.6%

The business’s 50 day moving average price is $12.11 and its two-hundred day moving average price is $11.96.

Nuveen New York Select Tax-Free Income Portfolio Announces Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were paid a dividend of $0.042 per share. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Monday, December 15th.

Institutional Trading of Nuveen New York Select Tax-Free Income Portfolio

Several institutional investors have recently modified their holdings of the company. Wolverine Asset Management LLC bought a new position in Nuveen New York Select Tax-Free Income Portfolio during the fourth quarter valued at about $74,000. OMNI 360 Wealth Inc. lifted its holdings in Nuveen New York Select Tax-Free Income Portfolio by 58.8% in the 3rd quarter. OMNI 360 Wealth Inc. now owns 27,000 shares of the company’s stock valued at $325,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its position in shares of Nuveen New York Select Tax-Free Income Portfolio by 20.1% during the 2nd quarter. Guggenheim Capital LLC now owns 76,674 shares of the company’s stock valued at $892,000 after purchasing an additional 12,839 shares in the last quarter.

About Nuveen New York Select Tax-Free Income Portfolio

Nuveen New York Select Tax-Free Income Portfolio is a closed-end management investment company trading on the New York Stock Exchange under the symbol NXN. Managed by Nuveen Fund Advisors, a subsidiary of TIAA, the fund’s primary objective is to provide current income that is exempt from federal regular income taxes and New York State personal income taxes. It pursues this goal by constructing a diversified portfolio of municipal securities issued by entities located within New York State.

The fund’s holdings may include general obligation bonds, revenue bonds, notes and variable rate demand obligations, allowing it to spread credit risk across multiple issuers and sectors.