Nuveen New York Select Tax-Free Income Portfolio Announces Monthly Dividend of $0.04 (NYSE:NXN)

Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) declared a monthly dividend on Wednesday, September 6th, Wall Street Journal reports. Shareholders of record on Friday, September 15th will be given a dividend of 0.041 per share on Monday, October 2nd. This represents a $0.49 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date is Thursday, September 14th.

Nuveen New York Select Tax-Free Income Portfolio Price Performance

Shares of NXN stock opened at $11.96 on Thursday. The firm has a fifty day moving average of $12.02 and a two-hundred day moving average of $11.97. Nuveen New York Select Tax-Free Income Portfolio has a 1-year low of $10.75 and a 1-year high of $12.55.

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

A number of hedge funds have recently bought and sold shares of NXN. UBS Group AG raised its stake in Nuveen New York Select Tax-Free Income Portfolio by 10.9% during the third quarter. UBS Group AG now owns 13,517 shares of the company’s stock valued at $149,000 after buying an additional 1,326 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Nuveen New York Select Tax-Free Income Portfolio by 10.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 14,548 shares of the company’s stock valued at $161,000 after acquiring an additional 1,327 shares during the last quarter. Advisor Group Holdings Inc. increased its holdings in shares of Nuveen New York Select Tax-Free Income Portfolio by 20.3% in the 4th quarter. Advisor Group Holdings Inc. now owns 12,000 shares of the company’s stock valued at $139,000 after acquiring an additional 2,024 shares during the last quarter. Stifel Financial Corp raised its position in shares of Nuveen New York Select Tax-Free Income Portfolio by 25.3% during the 1st quarter. Stifel Financial Corp now owns 14,662 shares of the company’s stock valued at $177,000 after acquiring an additional 2,958 shares in the last quarter. Finally, Guggenheim Capital LLC lifted its stake in Nuveen New York Select Tax-Free Income Portfolio by 80.8% during the third quarter. Guggenheim Capital LLC now owns 19,147 shares of the company’s stock worth $212,000 after purchasing an additional 8,554 shares during 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.