Nuveen California Select Tax-Free Income Portfolio (NYSE:NXC) Trading Up 0.5%

Nuveen California Select Tax-Free Income Portfolio (NYSE:NXC) was up 0.5% during trading on Monday . The company traded as high as $14.15 and last traded at $14.14. Approximately 6,163 shares were traded during trading, a decline of 62% from the average daily volume of 16,362 shares. The stock had previously closed at $14.07.

Nuveen California Select Tax-Free Income Portfolio Trading Up 0.5 %

The business’s 50-day simple moving average is $13.75 and its 200 day simple moving average is $13.37.

Nuveen California Select Tax-Free Income Portfolio Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be issued a dividend of $0.0455 per share. The ex-dividend date is Friday, September 13th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in NXC. Northwestern Mutual Wealth Management Co. bought a new stake in Nuveen California Select Tax-Free Income Portfolio during the second quarter valued at about $74,000. Cetera Advisors LLC purchased a new stake in shares of Nuveen California Select Tax-Free Income Portfolio during the first quarter valued at about $201,000. Finally, Wolverine Asset Management LLC bought a new stake in shares of Nuveen California Select Tax-Free Income Portfolio in the 2nd quarter valued at about $204,000. 11.89% of the stock is currently owned by hedge funds and other institutional investors.

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.