November 22, 2016 - By Hazel Jackson · 0 Comments
Nuveen New York Select Tax-free Income Portfolio (NYSE:NXN) institutional sentiment increased to 0.75 in Q2 2016. Its up 0.75, from 0 in 2016Q1. The ratio improved, as 0 active investment managers increased or started new holdings, while 4 cut down and sold their stock positions in Nuveen New York Select Tax-free Income Portfolio. The active investment managers in our partner’s database reported: 142,245 shares, down from 182,674 shares in 2016Q1. Also, the number of active investment managers holding Nuveen New York Select Tax-free Income Portfolio in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 1 Reduced: 3 Increased: 0 New Position: 0.
Nuveen New York Select Tax-Free Income Portfolio is a diversified closed-end management investment company. The company has a market cap of $52.38 million. The Fund seeks to provide current income exempt from regular federal, and New York State and New York City income tax consistent with the preservation of capital. It currently has negative earnings. The Fund invests in municipal securities that are exempt from federal, New York state, and New York City income taxes.
The stock closed at $13.4 during the last session. It is down 6.69% since April 20, 2016 and is downtrending. It has underperformed by 11.24% the S&P500.
Tortoise Investment Management Llc holds 0.38% of its portfolio in Nuveen NY Select Tax-Free Income Portfol for 75,481 shares. Bank Of America Corp De owns 11,200 shares or 0% of their US portfolio. Moreover, Ladenburg Thalmann Financial Services Inc has 0% invested in the company for 20,333 shares. The New York-based Morgan Stanley has invested 0% in the stock. Next Financial Group Inc, a Texas-based fund reported 700 shares.#img1#
Nuveen New York Select Tax-Free Income Portfolio (the Fund), incorporated on March 30, 1992, is a diversified closed-end management investment company. The Fund seeks to provide current income exempt from regular federal, and New York State and New York City income tax consistent with the preservation of capital. The Fund seeks to provide attractive monthly tax-free income, portfolio diversification and attractive after tax total returns.
More notable recent Nuveen NY Select Tax-Free Income Portfol (NYSE:NXN) news were published by: Businesswire.com which released: “Nuveen Announces Results of Closed-End Fund Shareholder Meetings” on August 19, 2014, also Businesswire.com with their article: “Nuveen Closed-End Funds Declare Distributions” published on August 01, 2016, 247Wallst.com published: “UBS Highlights Top Tax-Free Closed-End Municipal Bond Funds to Own (NUV, NXR …” on March 29, 2013. More interesting news about Nuveen NY Select Tax-Free Income Portfol (NYSE:NXN) were released by: Thestreet.com and their article: “Nuveen Announces Investment Policy Changes For Several Insured Municipal …” published on October 31, 2011 as well as Wsj.com‘s news article titled: “Sizing Up Discounted Muni Closed-End Bond Funds” with publication date: August 15, 2013.
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By Hazel Jackson
Tags: Free Income Portfol