Nuveen New York Select Tax-Free Income Portfolio (NXN) Stock

About Nuveen New York Select Tax-Free Income Portfolio

The Nuveen New York Select Tax-Free Income Portfolio (NXN) operates as a closed-end mutual fund, originally launched by Nuveen Investments Inc., specializing in fixed-income securities. The fund's oversight is shared between Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It strategically allocates capital within New York's debt markets, with a primary focus on municipal bonds from various sectors. The portfolio targets an average credit quality of Baa/BBB or better for its bond holdings. To build its investment mix, the fund utilizes a fundamental analysis approach. Its financial results are measured against two prominent benchmarks: the Barclays Capital New York Municipal Bond Index and the S&P New York Municipal Bond Index. This U.S.-based portfolio commenced operations on June 19, 1992.

Nuveen New York Select Tax-Free Income Portfolio is headquartered in US.

Nuveen New York Select Tax-Free Income Portfolio (NXN) stock trades at $12.14 with a market capitalization of $47.65M. The stock is valued at a price-to-earnings (P/E) ratio of -30.78, price-to-book of 1.02, price-to-sales of 21.65. Over the past 52 weeks the stock has ranged between $11.00 and $12.28, and currently trades 1.1% below its 52-week high. It pays a dividend yielding 4.12%.

On profitability, Nuveen New York Select Tax-Free Income Portfolio generates a return on equity (ROE) of -2.60%, return on capital employed of -2.63%, an operating margin of -56.66%, a net profit margin of -56.92%.

Official website: www.nuveen.com/CEF/Product/Overview.aspx?FundCode=NXN