Nuveen California Select Tax-Free Income Portfolio (NYSE:NXC) Stock Price Down 0.2% – Time to Sell?

Shares of Nuveen California Select Tax-Free Income Portfolio (NYSE:NXC) traded down 0.2% on Thursday . The stock traded as low as $12.96 and last traded at $12.99. 36,744 shares changed hands during mid-day trading, an increase of 163% from the average session volume of 13,976 shares. The stock had previously closed at $13.02.

Nuveen California Select Tax-Free Income Portfolio Stock Performance

The business has a 50 day moving average price of $12.86 and a two-hundred day moving average price of $12.88.

Nuveen California Select Tax-Free Income Portfolio Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be issued a $0.043 dividend. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Monday, September 15th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Guggenheim Capital LLC increased its stake in shares of 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 valued at $1,909,000 after buying an additional 2,926 shares during the period. Ameriprise Financial Inc. boosted its holdings in Nuveen California Select Tax-Free Income Portfolio by 13.9% in the fourth quarter. Ameriprise Financial Inc. now owns 65,005 shares of the company’s stock valued at $841,000 after acquiring an additional 7,919 shares in the last quarter. Wolverine Asset Management LLC increased its position in 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 purchasing an additional 16,312 shares during the period. Wedbush Securities Inc. raised its holdings in Nuveen California Select Tax-Free Income Portfolio by 35.4% in the 1st quarter. Wedbush Securities Inc. now owns 20,674 shares of the company’s stock worth $273,000 after purchasing an additional 5,402 shares in the last quarter. Finally, Almanack Investment Partners LLC. bought a new position in Nuveen California Select Tax-Free Income Portfolio in the 1st quarter worth $132,000. 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.