Tortoise Investment Management LLC Decreases Position in Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN)

Tortoise Investment Management LLC trimmed its position in Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXNFree Report) by 1.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 97,218 shares of the company’s stock after selling 1,271 shares during the period. Tortoise Investment Management LLC’s holdings in Nuveen New York Select Tax-Free Income Portfolio were worth $1,142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Wolverine Asset Management LLC acquired a new stake in Nuveen New York Select Tax-Free Income Portfolio during the 4th quarter worth about $182,000.

Nuveen New York Select Tax-Free Income Portfolio Price Performance

NXN traded down $0.03 during midday trading on Friday, hitting $11.70. 4,693 shares of the company were exchanged, compared to its average volume of 9,185. The company’s 50 day simple moving average is $11.68 and its 200 day simple moving average is $11.70. Nuveen New York Select Tax-Free Income Portfolio has a 1-year low of $10.64 and a 1-year high of $12.45.

Nuveen New York Select Tax-Free Income Portfolio Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be paid a dividend of $0.041 per share. This represents a $0.49 annualized dividend and a dividend yield of 4.21%. The ex-dividend date is Friday, June 14th.

Nuveen New York Select Tax-Free Income Portfolio Profile

(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.

Further Reading

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Institutional Ownership by Quarter for Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN)

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