Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) Shares Down 0.5% - Time to Sell?

Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN - Get Free Report) fell 0.5% on Tuesday . The company traded as low as $11.45 and last traded at $11.48. 9,689 shares changed hands during mid-day trading, a decline of 12% from the average session volume of 11,040 shares. The stock had previously closed at $11.53.

Nuveen New York Select Tax-Free Income Portfolio Price Performance

The stock's fifty day simple moving average is $11.51 and its two-hundred day simple moving average is $11.63.

Nuveen New York Select Tax-Free Income Portfolio Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be issued a dividend of $0.042 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.50 annualized dividend and a yield of 4.42%.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Opal Wealth Advisors LLC acquired a new stake in Nuveen New York Select Tax-Free Income Portfolio during the 1st quarter worth about $107,000. OMNI 360 Wealth Inc. raised its holdings in Nuveen New York Select Tax-Free Income Portfolio by 20.0% during the 1st quarter. OMNI 360 Wealth Inc. now owns 15,000 shares of the company's stock worth $177,000 after buying an additional 2,500 shares during the period. Logan Stone Capital LLC acquired a new stake in Nuveen New York Select Tax-Free Income Portfolio during the 4th quarter worth about $197,000. Atria Wealth Solutions Inc. acquired a new stake in Nuveen New York Select Tax-Free Income Portfolio during the 1st quarter worth about $230,000. Finally, Wolverine Asset Management LLC increased its holdings in shares of Nuveen New York Select Tax-Free Income Portfolio by 27.3% in the 4th quarter. Wolverine Asset Management LLC now owns 45,983 shares of the company's stock valued at $522,000 after purchasing an additional 9,850 shares during the period.

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.