Hennion & Walsh Asset Management Inc. boosted its position in shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP - Free Report) by 9.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,049,189 shares of the financial services provider's stock after acquiring an additional 92,789 shares during the period. Nuveen Select Tax-Free Income Portfolio accounts for about 0.7% of Hennion & Walsh Asset Management Inc.'s investment portfolio, making the stock its 18th largest position. Hennion & Walsh Asset Management Inc. owned about 2.24% of Nuveen Select Tax-Free Income Portfolio worth $15,077,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Global Retirement Partners LLC purchased a new stake in Nuveen Select Tax-Free Income Portfolio during the 4th quarter valued at approximately $27,000. NBC Securities Inc. grew its holdings in Nuveen Select Tax-Free Income Portfolio by 199,400.0% during the 1st quarter. NBC Securities Inc. now owns 1,995 shares of the financial services provider's stock valued at $28,000 after buying an additional 1,994 shares in the last quarter. Flagship Wealth Advisors LLC purchased a new stake in Nuveen Select Tax-Free Income Portfolio during the 4th quarter valued at approximately $47,000. RFG Advisory LLC purchased a new stake in Nuveen Select Tax-Free Income Portfolio during the 1st quarter valued at approximately $150,000. Finally, Visionary Horizons LLC grew its holdings in Nuveen Select Tax-Free Income Portfolio by 21.2% during the 4th quarter. Visionary Horizons LLC now owns 16,570 shares of the financial services provider's stock valued at $251,000 after buying an additional 2,895 shares in the last quarter. Institutional investors own 16.17% of the company's stock.
Nuveen Select Tax-Free Income Portfolio Trading Up 0.3%
NXP traded up $0.05 during trading on Friday, reaching $14.03. 115,559 shares of the company traded hands, compared to its average volume of 93,546. Nuveen Select Tax-Free Income Portfolio has a 12-month low of $13.30 and a 12-month high of $15.25. The firm has a fifty day simple moving average of $13.97 and a 200 day simple moving average of $14.46.
Nuveen Select Tax-Free Income Portfolio Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be issued a $0.052 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.45%. The ex-dividend date of this dividend is Friday, June 13th.
About Nuveen Select Tax-Free Income Portfolio
(
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.
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