Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) Trading 0.1% Higher – Here’s Why

Shares of Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXNGet Free Report) were up 0.1% during trading on Tuesday . The stock traded as high as $12.15 and last traded at $12.14. Approximately 45,206 shares were traded during mid-day trading, an increase of 396% from the average daily volume of 9,118 shares. The stock had previously closed at $12.13.

Nuveen New York Select Tax-Free Income Portfolio Stock Performance

The firm has a 50 day simple moving average of $12.09 and a 200-day simple moving average of $11.83.

Nuveen New York Select Tax-Free Income Portfolio Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be given a dividend of $0.042 per share. The ex-dividend date is Monday, December 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%.

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

An institutional investor recently raised its position in Nuveen New York Select Tax-Free Income Portfolio stock. OMNI 360 Wealth Inc. raised its position in shares of Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXNFree Report) by 13.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,000 shares of the company’s stock after buying an additional 2,000 shares during the period. OMNI 360 Wealth Inc. owned about 0.27% of Nuveen New York Select Tax-Free Income Portfolio worth $198,000 as of its most recent filing with the Securities and Exchange Commission.

About Nuveen New York Select Tax-Free Income Portfolio

(Get Free Report)

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.

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