Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) Trading 0.1% Higher

Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN)’s share price shot up 0.1% on Friday . The company traded as high as $12.17 and last traded at $12.10. 6,803 shares traded hands during mid-day trading, a decline of 18% from the average session volume of 8,329 shares. The stock had previously closed at $12.09.

Nuveen New York Select Tax-Free Income Portfolio Price Performance

The stock has a 50-day moving average price of $11.88 and a two-hundred day moving average price of $11.75.

Nuveen New York Select Tax-Free Income Portfolio Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be paid a dividend of $0.042 per share. The ex-dividend date is Friday, September 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.17%.

Hedge Funds Weigh In On Nuveen New York Select Tax-Free Income Portfolio

Hedge funds have recently modified their holdings of the stock. Opal Wealth Advisors LLC purchased a new stake in Nuveen New York Select Tax-Free Income Portfolio during the 2nd quarter worth approximately $106,000. OMNI 360 Wealth Inc. purchased a new stake in shares of Nuveen New York Select Tax-Free Income Portfolio during the second quarter valued at $146,000. Williams Jones Wealth Management LLC. acquired a new position in shares of Nuveen New York Select Tax-Free Income Portfolio in the 1st quarter valued at $175,000. Hennion & Walsh Asset Management Inc. raised its stake in Nuveen New York Select Tax-Free Income Portfolio by 4.9% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 34,693 shares of the company’s stock worth $404,000 after acquiring an additional 1,623 shares during the last quarter. Finally, Breakwater Capital Group raised its stake in Nuveen New York Select Tax-Free Income Portfolio by 60.1% in the 2nd quarter. Breakwater Capital Group now owns 38,194 shares of the company’s stock worth $447,000 after acquiring an additional 14,338 shares during the last quarter.

About Nuveen New York Select Tax-Free Income Portfolio

Nuveen New York Select Tax-Free Income Portfolio is a closed-ended fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of New York. The fund invests in the securities of companies that operate across diversified sectors.