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NXN
Upturn stock ratingUpturn stock rating

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

Upturn stock ratingUpturn stock rating
$11.71
Last Close (24-hour delay)
Profit since last BUY1.39%
upturn advisory
Consider higher Upturn Star rating
BUY since 43 days
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Upturn Stock infoUpturn Stock info Stock price based on last close
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Upturn Advisory Summary

08/28/2025: NXN (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Analysis of Past Performance

Type Stock
Historic Profit 2.12%
Avg. Invested days 63
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/28/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 45.45M USD
Price to earnings Ratio 28.24
1Y Target Price -
Price to earnings Ratio 28.24
1Y Target Price -
Volume (30-day avg) -
Beta 0.3
52 Weeks Range 10.74 - 12.08
Updated Date 06/29/2025
52 Weeks Range 10.74 - 12.08
Updated Date 06/29/2025
Dividends yield (FY) 4.35%
Basic EPS (TTM) 0.41

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 71.73%
Operating Margin (TTM) 90.56%

Management Effectiveness

Return on Assets (TTM) 2.09%
Return on Equity (TTM) -7.53%

Valuation

Trailing PE 28.24
Forward PE -
Enterprise Value 44765148
Price to Sales(TTM) 20.52
Enterprise Value 44765148
Price to Sales(TTM) 20.52
Enterprise Value to Revenue 26.98
Enterprise Value to EBITDA -
Shares Outstanding 3924890
Shares Floating -
Shares Outstanding 3924890
Shares Floating -
Percent Insiders -
Percent Institutions 17.38

ai summary icon Upturn AI SWOT

Nuveen New York Select Tax-Free Income Portfolio

stock logo

Company Overview

overview logo History and Background

Nuveen New York Select Tax-Free Income Portfolio (NYX) is a closed-end fund managed by Nuveen Asset Management. It focuses on providing current income exempt from regular federal and New York state income taxes by investing in municipal securities.

business area logo Core Business Areas

  • Municipal Securities: The fund invests primarily in a portfolio of municipal securities that are exempt from federal and New York state income taxes. This includes debt obligations issued by state and local governments, as well as various special purpose entities. The fund invests at least 80% of its managed assets in municipal securities that are exempt from federal and New York state income taxes.

leadership logo Leadership and Structure

The fund is managed by Nuveen Asset Management, a subsidiary of TIAA. Specific leadership roles are not publicly attributed to the fund, rather the general management team at Nuveen oversees portfolio construction and management.

Top Products and Market Share

overview logo Key Offerings

  • Tax-Exempt Income: NYX offers investors income that is exempt from federal and New York state income taxes. Market share data is not directly applicable to individual closed-end funds, rather it is the market share of Nuveen asset management. Competitors include other closed-end municipal bond funds from companies like BlackRock and PIMCO.

Market Dynamics

industry overview logo Industry Overview

The municipal bond market is influenced by interest rates, credit quality of issuers, and tax policy. Demand for tax-exempt income is driven by high-income individuals and those in high-tax states.

Positioning

NYX is positioned as a provider of tax-advantaged income for New York residents. Its competitive advantage lies in Nuveen's expertise in municipal bond management and its focus on New York specific bonds.

Total Addressable Market (TAM)

The TAM is the overall US Municipal Bond market. As of 2023, the total municipal bond market is estimated to be over $4 Trillion. NYX's positioning is a niche segment focused on NY-state tax advantages.

Upturn SWOT Analysis

Strengths

  • Tax-exempt income in New York
  • Experienced management team at Nuveen
  • Diversified portfolio of municipal securities

Weaknesses

  • Interest rate risk
  • Credit risk of municipal issuers
  • Market risk impacting NAV

Opportunities

  • Increased demand for tax-advantaged investments
  • Rising interest rate environment (potential for higher yields)
  • Growth of the New York municipal bond market

Threats

  • Changes in tax laws
  • Economic downturn affecting municipal credit quality
  • Rising interest rates decreasing NAV

Competitors and Market Share

competitor logo Key Competitors

  • MUB
  • VNY
  • BBH

Competitive Landscape

NYX's competitive advantage lies in its focus on New York municipal bonds, providing a specific tax benefit. Its disadvantages include its smaller size compared to broader municipal bond ETFs like MUB.

Growth Trajectory and Initiatives

Historical Growth: Growth is dependent on the performance of the fund's underlying investments and market conditions.

Future Projections: Future growth will likely be tied to demand for tax-exempt income and the performance of the New York municipal bond market. Projections are based on market analysis and economic forecasts.

Recent Initiatives: Recent initiatives would pertain to portfolio management strategy, such as adjustments to sector allocation and credit quality exposure.

Summary

NYX is a closed-end fund offering tax-exempt income to New York residents. Its strength lies in its specialized focus and experienced management. Interest rate risk and market volatility pose challenges. Demand for tax-advantaged investments and the performance of the New York municipal bond market will influence its future trajectory. NYX is a relatively small player in the larger municipal bond ETF market.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Nuveen official website
  • Yahoo Finance
  • Morningstar
  • SEC Filings

Disclaimers:

This analysis is for informational purposes only and does not constitute financial advice. Investment decisions should be made based on individual circumstances and consultation with a qualified financial advisor. Market share data is based on available estimates and may not be precise.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Nuveen New York Select Tax-Free Income Portfolio

Exchange NYSE
Headquaters Chicago, IL, United States
IPO Launch date 1992-06-19
CEO -
Sector Financial Services
Industry Asset Management
Full time employees -
Full time employees -

Nuveen New York 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 New York. The fund invests in the securities of companies that operate across diversified sectors. It primarily invests in municipal bonds with an average credit quality of Baa/BBB or better. The fund employs fundamental analysis to create its portfolio. It benchmarks the performance of its portfolio against Barclays Capital New York Municipal Bond Index and S&P New York Municipal Bond Index. Nuveen New York Select Tax-Free Income Portfolio was formed on June 19, 1992 and is domiciled in the United States.