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

Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN)’s share price fell 0.5% during mid-day trading on Thursday . The stock traded as low as $11.95 and last traded at $11.96. 3,358 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 7,288 shares. The stock had previously closed at $12.02.

Nuveen New York Select Tax-Free Income Portfolio Stock Down 0.5 %

The firm’s fifty day moving average price is $12.02 and its 200-day moving average price is $11.81.

Nuveen New York Select Tax-Free Income Portfolio Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be issued a $0.042 dividend. This represents a $0.50 annualized dividend and a dividend yield of 4.21%. The ex-dividend date of this dividend is Tuesday, October 15th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NXN. Opal Wealth Advisors LLC bought a new stake in Nuveen New York Select Tax-Free Income Portfolio during the second quarter worth approximately $106,000. OMNI 360 Wealth Inc. bought a new stake in Nuveen New York Select Tax-Free Income Portfolio during the second quarter worth approximately $146,000. Williams Jones Wealth Management LLC. bought a new stake in Nuveen New York Select Tax-Free Income Portfolio during the first quarter worth approximately $175,000. Hennion & Walsh Asset Management Inc. boosted its holdings in Nuveen New York Select Tax-Free Income Portfolio by 4.9% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 34,693 shares of the company’s stock worth $404,000 after buying an additional 1,623 shares in the last quarter. Finally, Breakwater Capital Group boosted its holdings in Nuveen New York Select Tax-Free Income Portfolio by 60.1% during the second quarter. Breakwater Capital Group now owns 38,194 shares of the company’s stock worth $447,000 after buying an additional 14,338 shares in the last quarter.

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.