3,125 Shares in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) Bought by Flagship Wealth Advisors LLC

Flagship Wealth Advisors LLC acquired a new position in shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) in the fourth quarter, HoldingsChannel reports. The fund acquired 3,125 shares of the financial services provider’s stock, valued at approximately $47,000.

A number of other institutional investors have also made changes to their positions in the stock. Truist Financial Corp grew its stake in Nuveen Select Tax-Free Income Portfolio by 2.2% in the fourth quarter. Truist Financial Corp now owns 60,684 shares of the financial services provider’s stock valued at $919,000 after acquiring an additional 1,300 shares during the period. Global Retirement Partners LLC acquired a new position in Nuveen Select Tax-Free Income Portfolio in the fourth quarter valued at about $27,000. Janney Montgomery Scott LLC grew its stake in Nuveen Select Tax-Free Income Portfolio by 5.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 35,529 shares of the financial services provider’s stock valued at $538,000 after acquiring an additional 1,900 shares during the period. Icon Wealth Advisors LLC acquired a new position in Nuveen Select Tax-Free Income Portfolio in the third quarter valued at about $32,000. Finally, Breakwater Capital Group grew its stake in Nuveen Select Tax-Free Income Portfolio by 5.2% in the fourth quarter. Breakwater Capital Group now owns 44,563 shares of the financial services provider’s stock valued at $675,000 after acquiring an additional 2,200 shares during the period. 16.17% of the stock is owned by institutional investors and hedge funds.

Nuveen Select Tax-Free Income Portfolio Price Performance

NYSE:NXP opened at $14.35 on Tuesday. Nuveen Select Tax-Free Income Portfolio has a 1 year low of $13.79 and a 1 year high of $15.25. The stock has a 50-day moving average price of $14.75 and a two-hundred day moving average price of $14.83.

Nuveen Select Tax-Free Income Portfolio Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a $0.052 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.62 dividend on an annualized basis and a yield of 4.35%.

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.