Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) Sees Large Volume Increase

Nuveen Select Tax-Free Income Portfolio (NYSE:NXPGet Free Report) shares saw strong trading volume on Wednesday . 31,433 shares were traded during trading, a decline of 55% from the previous session’s volume of 70,066 shares.The stock last traded at $14.37 and had previously closed at $14.44.

Nuveen Select Tax-Free Income Portfolio Stock Down 0.5 %

The stock’s fifty day simple moving average is $14.56 and its 200-day simple moving average is $14.24.

Nuveen Select Tax-Free Income Portfolio Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were paid a $0.0485 dividend. This represents a $0.58 annualized dividend and a dividend yield of 4.05%. The ex-dividend date of this dividend was Thursday, March 14th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. UBS Group AG lifted its holdings in shares of Nuveen Select Tax-Free Income Portfolio by 6.5% during the 3rd quarter. UBS Group AG now owns 1,579,000 shares of the financial services provider’s stock valued at $21,001,000 after buying an additional 96,024 shares during the last quarter. Breakwater Capital Group bought a new position in shares of Nuveen Select Tax-Free Income Portfolio in the third quarter valued at approximately $168,000. Hennion & Walsh Asset Management Inc. increased its stake in shares of Nuveen Select Tax-Free Income Portfolio by 22.2% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 401,729 shares of the financial services provider’s stock valued at $5,343,000 after buying an additional 73,005 shares in the last quarter. Advisors Asset Management Inc. raised its position in Nuveen Select Tax-Free Income Portfolio by 10.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 354,909 shares of the financial services provider’s stock worth $4,720,000 after purchasing an additional 32,460 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new position in Nuveen Select Tax-Free Income Portfolio in the third quarter valued at about $69,000. 16.17% of the stock is owned by institutional investors and hedge funds.

Nuveen Select Tax-Free Income Portfolio Company Profile

(Get Free Report)

Nuveen 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 United States. The fund invests in the investment-grade municipal securities rated Baa and BBB or better.

Further Reading

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