Nuveen California Select Tax-Free Income Portfolio (NYSE:NXC) Shares Up 0.2% – Here’s Why

Nuveen California Select Tax-Free Income Portfolio (NYSE:NXC)’s stock price traded up 0.2% during mid-day trading on Tuesday . The company traded as high as $13.30 and last traded at $13.24. 5,142 shares changed hands during trading, a decline of 76% from the average session volume of 21,224 shares. The stock had previously closed at $13.22.

Nuveen California Select Tax-Free Income Portfolio Stock Performance

The stock has a 50 day simple moving average of $13.11 and a 200-day simple moving average of $12.95.

Nuveen California Select Tax-Free Income Portfolio Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be paid a $0.043 dividend. The ex-dividend date is Friday, November 14th. This represents a c) dividend on an annualized basis and a yield of 3.9%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NXC. Guggenheim Capital LLC lifted its stake in shares of Nuveen California Select Tax-Free Income Portfolio by 2.1% in the second quarter. Guggenheim Capital LLC now owns 144,966 shares of the company’s stock worth $1,909,000 after buying an additional 2,926 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in Nuveen California Select Tax-Free Income Portfolio by 65.1% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 38,255 shares of the company’s stock worth $496,000 after acquiring an additional 15,082 shares during the last quarter. Wedbush Securities Inc. lifted its position in Nuveen California Select Tax-Free Income Portfolio by 19.5% in the 3rd quarter. Wedbush Securities Inc. now owns 24,230 shares of the company’s stock valued at $314,000 after acquiring an additional 3,953 shares in the last quarter. Wolverine Asset Management LLC lifted its position in Nuveen California Select Tax-Free Income Portfolio by 229.9% in the 1st quarter. Wolverine Asset Management LLC now owns 23,406 shares of the company’s stock valued at $309,000 after acquiring an additional 16,312 shares in the last quarter. Finally, Equitable Holdings Inc. purchased a new stake in Nuveen California Select Tax-Free Income Portfolio during the 3rd quarter valued at $165,000. 11.89% of the stock is owned by hedge funds and other institutional investors.

Nuveen California Select Tax-Free Income Portfolio Company Profile

Nuveen California 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 California. The fund invests in the securities of companies that operate across diversified sectors.