Tortoise Investment Management LLC Sells 13,074 Shares of Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN)

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

A number of other institutional investors and hedge funds have also recently made changes to their positions in NXN. Stifel Financial Corp raised its holdings in 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 during the last quarter. Wolverine Asset Management LLC increased its position in 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 valued at $522,000 after purchasing an additional 9,850 shares during the period. Finally, Breakwater Capital Group grew its position in shares of Nuveen New York Select Tax-Free Income Portfolio by 15.3% during the 4th quarter. Breakwater Capital Group now owns 41,133 shares of the company’s stock worth $467,000 after buying an additional 5,470 shares during the period.

Nuveen New York Select Tax-Free Income Portfolio Trading Down 0.2 %

Shares of NXN opened at $11.73 on Monday. Nuveen New York Select Tax-Free Income Portfolio has a 12-month low of $10.98 and a 12-month high of $12.40. The business’s fifty day moving average is $11.66 and its 200 day moving average is $11.83.

Nuveen New York Select Tax-Free Income Portfolio Announces Dividend

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

Nuveen New York Select Tax-Free Income Portfolio 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.