Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) Shares Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC increased its position in shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) by 103.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,351 shares of the financial services provider’s stock after acquiring an additional 13,382 shares during the period. Concurrent Investment Advisors LLC owned approximately 0.06% of Nuveen Select Tax-Free Income Portfolio worth $399,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of NXP. Global Retirement Partners LLC purchased a new position in Nuveen Select Tax-Free Income Portfolio in the 4th quarter worth about $27,000. Truist Financial Corp increased its stake in Nuveen Select Tax-Free Income Portfolio by 2.2% in the 4th quarter. Truist Financial Corp now owns 60,684 shares of the financial services provider’s stock worth $919,000 after purchasing an additional 1,300 shares in the last quarter. Van ECK Associates Corp increased its stake in Nuveen Select Tax-Free Income Portfolio by 2.4% in the 4th quarter. Van ECK Associates Corp now owns 207,378 shares of the financial services provider’s stock worth $3,142,000 after purchasing an additional 4,815 shares in the last quarter. Visionary Horizons LLC increased its stake in Nuveen Select Tax-Free Income Portfolio by 21.2% in the 4th quarter. Visionary Horizons LLC now owns 16,570 shares of the financial services provider’s stock worth $251,000 after purchasing an additional 2,895 shares in the last quarter. Finally, Stratos Wealth Partners LTD. increased its stake in Nuveen Select Tax-Free Income Portfolio by 13.2% in the 4th quarter. Stratos Wealth Partners LTD. now owns 48,207 shares of the financial services provider’s stock worth $730,000 after purchasing an additional 5,609 shares in the last quarter. 16.17% of the stock is owned by institutional investors and hedge funds.

Nuveen Select Tax-Free Income Portfolio Price Performance

Shares of NXP opened at $14.61 on Tuesday. The business’s 50-day moving average price is $14.83 and its 200 day moving average price is $14.86. Nuveen Select Tax-Free Income Portfolio has a 1-year low of $13.79 and a 1-year high of $15.25.

Nuveen Select Tax-Free Income Portfolio Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be paid a $0.052 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.62 dividend on an annualized basis and a yield of 4.27%.

About Nuveen Select Tax-Free Income Portfolio

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.