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Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) Stock Price Up 0% After Dividend Announcement

Nuveen New York Select Tax-Free Income Portfolio logo with Finance background

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.
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Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN - Get Free Report) shares traded up 0% during mid-day trading on Monday following a dividend announcement from the company. The company traded as high as $11.55 and last traded at $11.49. 18,064 shares changed hands during trading, an increase of 104% from the average session 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. Stockholders of record on Friday, August 15th will be paid a $0.042 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a c) annualized dividend and a dividend yield of 4.3%.

Nuveen New York Select Tax-Free Income Portfolio Stock Down 0.3%

The firm has a 50 day moving average price of $11.50 and a 200 day moving average price of $11.59.

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

Institutional investors have recently bought and sold shares of the stock. Opal Wealth Advisors LLC purchased a new position in Nuveen New York Select Tax-Free Income Portfolio during the 1st quarter worth $107,000. OMNI 360 Wealth Inc. grew its position in Nuveen New York Select Tax-Free Income Portfolio by 20.0% in the 1st quarter. OMNI 360 Wealth Inc. now owns 15,000 shares of the company's stock worth $177,000 after purchasing an additional 2,500 shares in the last quarter. Logan Stone Capital LLC bought a new stake in Nuveen New York Select Tax-Free Income Portfolio in the 4th quarter worth about $197,000. Atria Wealth Solutions Inc. purchased a new stake in Nuveen New York Select Tax-Free Income Portfolio in the 1st quarter valued at about $230,000. Finally, Guggenheim Capital LLC lifted its position in shares of Nuveen New York Select Tax-Free Income Portfolio by 13.3% during the 4th quarter. Guggenheim Capital LLC now owns 55,020 shares of the company's stock worth $624,000 after buying an additional 6,457 shares in the last quarter.

About Nuveen New York Select Tax-Free Income Portfolio

(Get Free Report)

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.

See Also

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