Nuveen California Select Tax-Free Income Portfolio (NYSE:NXC) Shares Down 0.3% – Here’s Why

Nuveen California Select Tax-Free Income Portfolio (NYSE:NXC) traded down 0.3% during mid-day trading on Monday . The stock traded as low as $12.89 and last traded at $12.90. 10,581 shares traded hands during trading, a decline of 48% from the average session volume of 20,196 shares. The stock had previously closed at $12.94.

Nuveen California Select Tax-Free Income Portfolio Stock Performance

The company has a 50 day simple moving average of $12.86 and a two-hundred day simple moving average of $12.95.

Nuveen California Select Tax-Free Income Portfolio Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, August 1st. Investors of record on Wednesday, July 16th will be paid a $0.0455 dividend. The ex-dividend date is Tuesday, July 15th. This represents a dividend yield of 4.19%.

Institutional Investors Weigh In On Nuveen California Select Tax-Free Income Portfolio

Several large investors have recently made changes to their positions in NXC. Almanack Investment Partners LLC. acquired a new position in shares of Nuveen California Select Tax-Free Income Portfolio during the first quarter worth approximately $132,000. Wedbush Securities Inc. acquired a new position in shares of Nuveen California Select Tax-Free Income Portfolio during the fourth quarter worth approximately $198,000. Raymond James Financial Inc. acquired a new position in shares of Nuveen California Select Tax-Free Income Portfolio during the fourth quarter worth approximately $275,000. Wolverine Asset Management LLC lifted its holdings in shares of Nuveen California Select Tax-Free Income Portfolio by 229.9% during the first quarter. Wolverine Asset Management LLC now owns 23,406 shares of the company’s stock worth $309,000 after buying an additional 16,312 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Nuveen California Select Tax-Free Income Portfolio by 13.9% during the fourth quarter. Ameriprise Financial Inc. now owns 65,005 shares of the company’s stock worth $841,000 after buying an additional 7,919 shares during the last quarter. Institutional investors own 11.89% of the company’s stock.

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.