Nuveen Select Tax-Free Income Portfolio (NYSE:NXP - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 31,433 shares changed hands during mid-day trading, a decline of 55% from the previous session's volume of 70,066 shares.The stock last traded at $14.37 and had previously closed at $14.44.
Nuveen Select Tax-Free Income Portfolio Stock Down 0.7 %
The firm's 50 day moving average price is $14.56 and its two-hundred day moving average price is $14.24.
Nuveen Select Tax-Free Income Portfolio Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be issued a $0.0485 dividend. The ex-dividend date is Friday, April 12th. This represents a $0.58 annualized dividend and a yield of 4.06%.
Institutional Trading of Nuveen Select Tax-Free Income Portfolio
Institutional investors have recently added to or reduced their stakes in the stock. Rivernorth Capital Management LLC acquired a new stake in shares of Nuveen Select Tax-Free Income Portfolio in the 1st quarter worth about $4,266,000. Bank of America Corp DE lifted its position in shares of Nuveen Select Tax-Free Income Portfolio by 54.9% in the first quarter. Bank of America Corp DE now owns 599,461 shares of the financial services provider's stock worth $8,578,000 after purchasing an additional 212,452 shares in the last quarter. UBS Group AG lifted its position in shares of Nuveen Select Tax-Free Income Portfolio by 6.5% in the third quarter. UBS Group AG now owns 1,579,000 shares of the financial services provider's stock worth $21,001,000 after purchasing an additional 96,024 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in Nuveen Select Tax-Free Income Portfolio by 22.2% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 401,729 shares of the financial services provider's stock valued at $5,343,000 after acquiring an additional 73,005 shares in the last quarter. Finally, International Assets Investment Management LLC raised its position in Nuveen Select Tax-Free Income Portfolio by 1,392.5% during the fourth quarter. International Assets Investment Management LLC now owns 77,982 shares of the financial services provider's stock valued at $1,153,000 after acquiring an additional 72,757 shares in the last quarter. 16.17% of the stock is owned by institutional investors and hedge funds.
Nuveen Select Tax-Free Income Portfolio Company Profile
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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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