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

Nuveen California Select Tax-Free Income Portfolio (NYSE:NXC)’s stock price shot up 0.2% during mid-day trading on Tuesday . The stock traded as high as $13.30 and last traded at $13.24. 5,142 shares traded hands during mid-day 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 Up 0.2%

The business 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 Announces Dividend

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

Institutional Trading of Nuveen California Select Tax-Free Income Portfolio

Hedge funds have recently made changes to their positions in the company. Wolverine Asset Management LLC raised its position in shares of Nuveen California Select Tax-Free Income Portfolio by 229.9% during the 1st quarter. Wolverine Asset Management LLC now owns 23,406 shares of the company’s stock valued at $309,000 after buying an additional 16,312 shares during the period. Guggenheim Capital LLC increased its stake in Nuveen California Select Tax-Free Income Portfolio by 2.1% during the second quarter. Guggenheim Capital LLC now owns 144,966 shares of the company’s stock worth $1,909,000 after acquiring an additional 2,926 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its position in Nuveen California Select Tax-Free Income Portfolio by 65.1% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 38,255 shares of the company’s stock valued at $496,000 after purchasing an additional 15,082 shares during the period. Jones Financial Companies Lllp raised its position in Nuveen California Select Tax-Free Income Portfolio by 24.1% in the third quarter. Jones Financial Companies Lllp now owns 6,489 shares of the company’s stock valued at $84,000 after purchasing an additional 1,262 shares during the period. Finally, Caprock Group LLC acquired a new position in shares of Nuveen California Select Tax-Free Income Portfolio in the 3rd quarter valued at $149,000. Hedge funds and other institutional investors own 11.89% of the company’s stock.

About Nuveen California Select Tax-Free Income Portfolio

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.