Hennion & Walsh Asset Management Inc. Decreases Stock Holdings in Nuveen Sl Tfip $NXP

Key Points

• Hennion & Walsh Asset Management cut its Nuveen Select Tax-Free Income Portfolio (NYSE: NXP) stake by 16.7% in the second quarter, selling 133,876 shares and retaining 668,196 shares valued at approximately $9.56 million.
• Institutional ownership of NXP stands at 16.17%, with several firms—including Northwestern Mutual Wealth Management—raising their positions during recent quarters.
• NXP shares opened at $14.27, near their 50-day and 200-day moving averages, while the fund announced a monthly dividend of $0.0535 per share, representing an annualized yield of about 4.5%.

Hennion & Walsh Asset Management Inc. reduced its position in shares of Nuveen Sl Tfip (NYSE:NXP - Free Report) by 16.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 668,196 shares of the financial services provider's stock after selling 133,876 shares during the quarter. Hennion & Walsh Asset Management Inc. owned approximately 1.06% of Nuveen Sl Tfip worth $9,562,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in NXP. World Investment Advisors increased its position in shares of Nuveen Sl Tfip by 4.7% in the first quarter. World Investment Advisors now owns 20,722 shares of the financial services provider's stock valued at $297,000 after acquiring an additional 926 shares during the period. Stifel Financial Corp boosted its holdings in shares of Nuveen Sl Tfip by 5.1% during the fourth quarter. Stifel Financial Corp now owns 24,265 shares of the financial services provider's stock worth $342,000 after purchasing an additional 1,171 shares during the period. D.A. Davidson & CO. boosted its holdings in shares of Nuveen Sl Tfip by 14.1% during the fourth quarter. D.A. Davidson & CO. now owns 12,248 shares of the financial services provider's stock worth $173,000 after purchasing an additional 1,510 shares during the period. LPL Financial LLC grew its stake in shares of Nuveen Sl Tfip by 1.5% in the fourth quarter. LPL Financial LLC now owns 135,017 shares of the financial services provider's stock worth $1,904,000 after purchasing an additional 2,021 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Nuveen Sl Tfip by 116.9% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,857 shares of the financial services provider's stock worth $56,000 after purchasing an additional 2,079 shares during the last quarter. Hedge funds and other institutional investors own 16.17% of the company's stock.

Nuveen Sl Tfip Stock Performance

Shares of NYSE:NXP opened at $14.27 on Friday. The stock's 50-day moving average is $14.30 and its 200 day moving average is $14.29. Nuveen Sl Tfip has a 1 year low of $13.89 and a 1 year high of $14.65.

Nuveen Sl Tfip Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be paid a dividend of $0.0535 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 4.5%.

Nuveen Sl Tfip 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. It benchmarks the performance of its portfolio against the Standard & Poor's (S&P) National Municipal Bond Index and Lipper General and Insured Unleveraged Municipal Debt Funds Average.

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