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

Shares of Nuveen California Select Tax-Free Income Portfolio (NYSE:NXC) traded up 0.2% on Thursday . The company traded as high as $13.30 and last traded at $13.2940. 76,961 shares changed hands during mid-day trading, an increase of 153% from the average session volume of 30,403 shares. The stock had previously closed at $13.27.

Nuveen California Select Tax-Free Income Portfolio Trading Up 0.2%

The stock has a fifty day moving average of $13.23 and a 200 day moving average of $13.08.

Nuveen California Select Tax-Free Income Portfolio Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were issued a dividend of $0.043 per share. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Monday, December 15th.

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

Several hedge funds have recently added to or reduced their stakes in the business. Wolverine Asset Management LLC acquired a new position in shares of Nuveen California Select Tax-Free Income Portfolio in the 4th quarter valued at about $197,000. Farther Finance Advisors LLC acquired a new stake in Nuveen California Select Tax-Free Income Portfolio during the fourth quarter worth about $27,000. Stratos Wealth Partners LTD. purchased a new position in Nuveen California Select Tax-Free Income Portfolio during the fourth quarter valued at approximately $376,000. Hennion & Walsh Asset Management Inc. lifted its holdings in Nuveen California Select Tax-Free Income Portfolio by 4.5% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 39,975 shares of the company’s stock valued at $528,000 after acquiring an additional 1,720 shares during the period. Finally, Equitable Holdings Inc. purchased a new stake in Nuveen California Select Tax-Free Income Portfolio in the 3rd quarter worth approximately $165,000. 11.89% of the stock is owned by hedge funds and other institutional investors.

Nuveen California Select Tax-Free Income Portfolio Company Profile

Nuveen California Select Tax-Free Income Portfolio (NYSE: NXC) is a closed-end management investment company that seeks to provide investors with a high level of current income exempt from federal regular and California personal income taxes. The fund primarily invests in municipal securities issued by the state of California and its political subdivisions, including general obligation bonds, revenue bonds and other public financings. By focusing on California‐issued tax-exempt obligations, the portfolio aims to deliver a tax‐advantaged yield profile for individual and institutional shareholders with exposure to the state’s credit quality.

The portfolio’s investment strategy emphasizes a diversified mix of investment-grade and below investment-grade municipal securities across various sectors such as transportation, utilities, healthcare and education.