Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) Shares Acquired by Guggenheim Capital LLC

Guggenheim Capital LLC increased its stake in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP - Free Report) by 12.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 527,231 shares of the financial services provider's stock after buying an additional 59,204 shares during the period. Guggenheim Capital LLC owned 1.13% of Nuveen Select Tax-Free Income Portfolio worth $7,988,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Nuveen Select Tax-Free Income Portfolio by 45.3% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 956,400 shares of the financial services provider's stock worth $14,489,000 after buying an additional 298,219 shares during the period. Raymond James Financial Inc. bought a new position in shares of Nuveen Select Tax-Free Income Portfolio during the 4th quarter worth approximately $4,547,000. Van ECK Associates Corp increased its position in shares of Nuveen Select Tax-Free Income Portfolio by 2.4% during the fourth 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. Commonwealth Equity Services LLC increased its position in Nuveen Select Tax-Free Income Portfolio by 22.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 161,594 shares of the financial services provider's stock valued at $2,448,000 after buying an additional 29,161 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in Nuveen Select Tax-Free Income Portfolio by 47.0% in the fourth quarter. Jones Financial Companies Lllp now owns 137,388 shares of the financial services provider's stock valued at $2,081,000 after buying an additional 43,948 shares during the last quarter. Institutional investors own 16.17% of the company's stock.

Nuveen Select Tax-Free Income Portfolio Price Performance

Shares of NXP stock traded up $0.04 during trading hours on Tuesday, reaching $13.67. 36,961 shares of the company's stock were exchanged, compared to its average volume of 88,583. Nuveen Select Tax-Free Income Portfolio has a 1 year low of $13.30 and a 1 year high of $15.25. The stock's fifty day moving average price is $14.31 and its two-hundred day moving average price is $14.65.

Nuveen Select Tax-Free Income Portfolio Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.052 per share. This represents a $0.62 annualized dividend and a yield of 4.57%. The ex-dividend date of this dividend is Tuesday, April 15th.

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.