Hennion & Walsh Asset Management Inc. boosted its stake in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP - Free Report) by 9.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,049,189 shares of the financial services provider's stock after purchasing an additional 92,789 shares during the quarter. Nuveen Select Tax-Free Income Portfolio comprises 0.7% of Hennion & Walsh Asset Management Inc.'s investment portfolio, making the stock its 18th biggest position. Hennion & Walsh Asset Management Inc. owned 2.24% of Nuveen Select Tax-Free Income Portfolio worth $15,077,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Global Retirement Partners LLC bought a new position in shares of Nuveen Select Tax-Free Income Portfolio in the 4th quarter valued at $27,000. NBC Securities Inc. lifted its position in shares of 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 worth $28,000 after buying an additional 1,994 shares during the last quarter. Flagship Wealth Advisors LLC acquired a new stake in Nuveen Select Tax-Free Income Portfolio in the fourth quarter valued at about $47,000. RFG Advisory LLC bought a new position in Nuveen Select Tax-Free Income Portfolio in the first quarter valued at about $150,000. Finally, Visionary Horizons LLC grew its position in Nuveen Select Tax-Free Income Portfolio by 21.2% in the fourth quarter. Visionary Horizons LLC now owns 16,570 shares of the financial services provider's stock valued at $251,000 after acquiring an additional 2,895 shares during the last quarter. Institutional investors own 16.17% of the company's stock.
Nuveen Select Tax-Free Income Portfolio Stock Down 0.3%
Shares of NXP stock traded down $0.04 on Wednesday, reaching $13.98. The company had a trading volume of 76,797 shares, compared to its average volume of 93,837. The business's 50-day moving average is $13.98 and its 200 day moving average is $14.47. Nuveen Select Tax-Free Income Portfolio has a one year low of $13.30 and a one year high of $15.25.
Nuveen Select Tax-Free Income Portfolio Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be given a $0.052 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.62 dividend on an annualized basis and a yield of 4.46%.
Nuveen Select Tax-Free Income Portfolio Profile
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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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