Raymond James Financial Inc. Makes New $275,000 Investment in Nuveen California Select Tax-Free Income Portfolio (NYSE:NXC)

Raymond James Financial Inc. acquired a new stake in Nuveen California Select Tax-Free Income Portfolio (NYSE:NXC - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 21,226 shares of the company's stock, valued at approximately $275,000. Raymond James Financial Inc. owned about 0.33% of Nuveen California Select Tax-Free Income Portfolio at the end of the most recent quarter.

Separately, Wolverine Asset Management LLC bought a new stake in Nuveen California Select Tax-Free Income Portfolio during the fourth quarter worth about $92,000. Institutional investors own 11.89% of the company's stock.

Nuveen California Select Tax-Free Income Portfolio Price Performance

NYSE:NXC traded up $0.06 on Wednesday, hitting $12.70. The company's stock had a trading volume of 7,556 shares, compared to its average volume of 18,824. The stock has a fifty day moving average of $13.04 and a two-hundred day moving average of $13.27. Nuveen California Select Tax-Free Income Portfolio has a one year low of $12.45 and a one year high of $14.18.

Nuveen California Select Tax-Free Income Portfolio Dividend Announcement

The company also recently announced a dividend, which will be paid on Thursday, May 1st. Shareholders of record on Wednesday, April 16th will be issued a $0.0455 dividend. This represents a yield of 4.29%. The ex-dividend date is Tuesday, April 15th.

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.