Advisors Asset Management Inc. Sells 37,368 Shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP)

Advisors Asset Management Inc. lessened its stake in shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) by 9.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 374,016 shares of the financial services provider’s stock after selling 37,368 shares during the quarter. Advisors Asset Management Inc.’s holdings in Nuveen Select Tax-Free Income Portfolio were worth $5,401,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. International Assets Investment Management LLC raised its holdings in shares of Nuveen Select Tax-Free Income Portfolio by 1,392.5% in the 4th quarter. International Assets Investment Management LLC now owns 77,982 shares of the financial services provider’s stock worth $1,153,000 after acquiring an additional 72,757 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Nuveen Select Tax-Free Income Portfolio by 10.2% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 545,804 shares of the financial services provider’s stock worth $7,881,000 after acquiring an additional 50,727 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Nuveen Select Tax-Free Income Portfolio by 15.3% in the 4th quarter. Van ECK Associates Corp now owns 257,980 shares of the financial services provider’s stock worth $3,813,000 after acquiring an additional 34,173 shares during the last quarter. Pinnacle Associates Ltd. acquired a new stake in shares of Nuveen Select Tax-Free Income Portfolio in the 4th quarter worth about $451,000. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Nuveen Select Tax-Free Income Portfolio by 26.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 136,906 shares of the financial services provider’s stock worth $1,977,000 after acquiring an additional 28,516 shares during the last quarter. Institutional investors own 16.17% of the company’s stock.

Nuveen Select Tax-Free Income Portfolio Trading Up 0.4 %

Shares of NXP traded up $0.06 on Friday, reaching $14.56. The company’s stock had a trading volume of 55,080 shares, compared to its average volume of 78,025. Nuveen Select Tax-Free Income Portfolio has a twelve month low of $12.91 and a twelve month high of $14.89. The firm has a fifty day moving average of $14.41 and a 200-day moving average of $14.43.

Nuveen Select Tax-Free Income Portfolio Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, August 1st. Investors of record on Monday, July 15th will be issued a $0.052 dividend. The ex-dividend date of this dividend is Monday, July 15th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.29%.

Nuveen Select Tax-Free Income Portfolio Profile

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.