Nuveen NY Select Tax-Free Income Portfol (NXN) Sets New 12-Month High at $13.60

Nuveen NY Select Tax-Free Income Portfol (NYSE:NXN)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $13.60 and last traded at $13.60, with a volume of 2939 shares changing hands. The stock had previously closed at $13.41.

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The firm also recently disclosed a monthly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 15th will be given a $0.042 dividend. This represents a $0.50 annualized dividend and a yield of 3.71%. The ex-dividend date of this dividend is Thursday, February 14th.

An institutional investor recently raised its position in Nuveen NY Select Tax-Free Income Portfol stock. Tortoise Investment Management LLC raised its holdings in Nuveen NY Select Tax-Free Income Portfol (NYSE:NXN) by 19.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 152,949 shares of the company’s stock after acquiring an additional 25,344 shares during the quarter. Tortoise Investment Management LLC owned approximately 3.90% of Nuveen NY Select Tax-Free Income Portfol worth $1,953,000 as of its most recent filing with the Securities & Exchange Commission. 9.56% of the stock is currently owned by institutional investors and hedge funds.

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Nuveen NY Select Tax-Free Income Portfol Company Profile (NYSE:NXN)

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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