Nuveen California Select Tax-Free Income Portfolio (NXC)

US — Financial Services Sector
Peers: CBH  EOT  IHTA  MHN  CXH  FMN  IHIT  JHAA 

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Key Metrics & Ratings

  • symbol NXC
  • Rev/Share 0.5827
  • Book/Share 13.8982
  • PB 0.9138
  • Debt/Equity 0.0
  • CurrentRatio 4.1304
  • ROIC 0.0381

 

  • MktCap 80800956.0
  • FreeCF/Share 0.0
  • PFCF 0.0
  • PE 14.9993
  • Debt/Assets 0.0
  • DivYield 0.043
  • ROE 0.0609

 

  • Rating D+
  • Score 1
  • Recommendation Strong Sell
  • P/E Score 1
  • DCF Score 2
  • P/B Score 1
  • D/E Score 1

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
No ratings available.

News

Sell Equities, Buy Municipal Debt At A 7.21% Discount With Nuveen California Select Tax-Free Income Portfolio
NXC
Published: February 13, 2025 by: Seeking Alpha
Sentiment: Positive

Municipal CEFs like Nuveen California Select Tax-Free Income Portfolio offer tax-free returns, low leverage, and are currently trading at a discount. NXC invests in high-quality municipal securities, with an average coupon of 3.68% and a distribution rate on NAV of 3.97%. The fund's market price is $13.17, NAV is $13.69, and it's trading at a 3.80% discount, presenting a potential profit opportunity.

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image for news Sell Equities, Buy Municipal Debt At A 7.21% Discount With Nuveen California Select Tax-Free Income Portfolio

About Nuveen California Select Tax-Free Income Portfolio (NXC)

  • IPO Date 1992-06-19
  • Website https://www.nuveen.com/CEF/Product/Overview.aspx?FundCode=NXC&refsrc=vu_nuveen.com/nxc
  • Industry Asset Management - Income
  • CEO
  • Employees None
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. It primarily invests in municipal bonds. The fund employs fundamental analysis to create its portfolio. It benchmarks the performance of its portfolio against Barclays Capital California Municipal Bond Index and S&P California Municipal Bond Index. Nuveen California Select Tax-Free Income Portfolio was formed on June 19, 1992 and is domiciled in the United States.