Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) Shares Sold by Tortoise Investment Management LLC

Tortoise Investment Management LLC decreased its position in shares of Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) by 18.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,918 shares of the company’s stock after selling 13,074 shares during the period. Tortoise Investment Management LLC owned about 0.93% of Nuveen New York Select Tax-Free Income Portfolio worth $669,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Breakwater Capital Group raised its holdings in shares of Nuveen New York Select Tax-Free Income Portfolio by 15.3% during the fourth quarter. Breakwater Capital Group now owns 41,133 shares of the company’s stock valued at $467,000 after acquiring an additional 5,470 shares during the period. Stifel Financial Corp raised its stake in shares of Nuveen New York Select Tax-Free Income Portfolio by 41.5% in the 3rd quarter. Stifel Financial Corp now owns 21,883 shares of the company’s stock valued at $266,000 after buying an additional 6,421 shares in the last quarter. Finally, Wolverine Asset Management LLC increased its position in shares of Nuveen New York Select Tax-Free Income Portfolio by 27.3% during the 4th quarter. Wolverine Asset Management LLC now owns 45,983 shares of the company’s stock worth $522,000 after purchasing an additional 9,850 shares in the last quarter.

Nuveen New York Select Tax-Free Income Portfolio Stock Performance

NXN opened at $11.73 on Monday. Nuveen New York Select Tax-Free Income Portfolio has a 1-year low of $10.98 and a 1-year high of $12.40. The firm has a 50-day moving average price of $11.66 and a two-hundred day moving average price of $11.83.

Nuveen New York Select Tax-Free Income Portfolio Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a $0.042 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date is Friday, March 14th.

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.