Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) Shares Up 0% Following Dividend Announcement

Key Points

• Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) shares remained stable with no change after the announcement of a dividend, which will be issued to shareholders on September 2nd.
• Shareholders of record will receive a dividend of $0.042 per share, representing a dividend yield of 4.4% on an annualized basis.
• Institutional investments in the fund have surged, with several hedge funds, including OMNI 360 Wealth Inc. and Guggenheim Capital LLC, increasing their stakes significantly in recent quarters.

Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN - ) shares rose 0% on Monday after the company announced a dividend. The company traded as high as $11.55 and last traded at $11.49. Approximately 18,064 shares were traded during trading, an increase of 104% from the average daily volume of 8,875 shares. The stock had previously closed at $11.48.The newly announced dividend which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be issued a dividend of $0.042 per share. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Friday, August 15th.

Nuveen New York Select Tax-Free Income Portfolio Stock Up 0.0%

The stock has a 50 day simple moving average of $11.49 and a 200-day simple moving average of $11.59.

Institutional Investors Weigh In On Nuveen New York Select Tax-Free Income Portfolio

Several hedge funds have recently modified their holdings of the business. OMNI 360 Wealth Inc. raised its stake in Nuveen New York Select Tax-Free Income Portfolio by 13.3% in the second quarter. OMNI 360 Wealth Inc. now owns 17,000 shares of the company's stock valued at $198,000 after buying an additional 2,000 shares during the last quarter. Guggenheim Capital LLC raised its position in shares of Nuveen New York Select Tax-Free Income Portfolio by 13.3% in the 4th quarter. Guggenheim Capital LLC now owns 55,020 shares of the company's stock valued at $624,000 after purchasing an additional 6,457 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in Nuveen New York Select Tax-Free Income Portfolio in the 1st quarter worth approximately $107,000. Logan Stone Capital LLC purchased a new stake in Nuveen New York Select Tax-Free Income Portfolio during the 4th quarter worth approximately $197,000. Finally, Atria Wealth Solutions Inc. acquired a new position in Nuveen New York Select Tax-Free Income Portfolio during the 1st quarter valued at approximately $230,000.

Nuveen New York Select Tax-Free Income Portfolio Company Profile

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.

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