Wolverine Asset Management LLC Takes $92,000 Position in Nuveen California Select Tax-Free Income Portfolio (NYSE:NXC)

Wolverine Asset Management LLC bought a new stake in Nuveen California Select Tax-Free Income Portfolio (NYSE:NXC) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 7,094 shares of the company’s stock, valued at approximately $92,000.

A number of other hedge funds have also modified their holdings of the business. Advisors Asset Management Inc. raised its position in shares of Nuveen California Select Tax-Free Income Portfolio by 30.4% in the third quarter. Advisors Asset Management Inc. now owns 43,308 shares of the company’s stock valued at $612,000 after buying an additional 10,108 shares during the last quarter. Caprock Group LLC purchased a new stake in shares of Nuveen California Select Tax-Free Income Portfolio in the fourth quarter valued at about $146,000. Finally, International Assets Investment Management LLC grew its holdings in shares of Nuveen California Select Tax-Free Income Portfolio by 1,313.9% in the third quarter. International Assets Investment Management LLC now owns 14,153 shares of the company’s stock valued at $200,000 after purchasing an additional 13,152 shares during the period. 11.89% of the stock is currently owned by institutional investors and hedge funds.

Nuveen California Select Tax-Free Income Portfolio Price Performance

Shares of NXC opened at $13.06 on Tuesday. Nuveen California Select Tax-Free Income Portfolio has a 12-month low of $12.75 and a 12-month high of $14.18. The firm has a 50-day moving average price of $13.08 and a 200 day moving average price of $13.49.

Nuveen California Select Tax-Free Income Portfolio Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be issued a $0.0455 dividend. The ex-dividend date is Friday, February 14th.

Nuveen California Select Tax-Free Income Portfolio 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.