Advisors Asset Management Inc. Lowers Stock Holdings in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP)

Advisors Asset Management Inc. lowered its holdings in shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) by 17.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 207,963 shares of the financial services provider’s stock after selling 44,123 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.44% of Nuveen Select Tax-Free Income Portfolio worth $3,151,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Global Retirement Partners LLC purchased a new position in shares of Nuveen Select Tax-Free Income Portfolio in the fourth quarter valued at approximately $27,000. Icon Wealth Advisors LLC purchased a new position in shares of Nuveen Select Tax-Free Income Portfolio in the third quarter valued at approximately $32,000. Flagship Wealth Advisors LLC purchased a new position in shares of Nuveen Select Tax-Free Income Portfolio in the fourth quarter valued at approximately $47,000. Visionary Horizons LLC lifted its position in shares of 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 in the last quarter. Finally, Concurrent Investment Advisors LLC lifted its position in shares of Nuveen Select Tax-Free Income Portfolio by 103.2% in the fourth quarter. Concurrent Investment Advisors LLC now owns 26,351 shares of the financial services provider’s stock valued at $399,000 after acquiring an additional 13,382 shares in the last quarter. Hedge funds and other institutional investors own 16.17% of the company’s stock.

Nuveen Select Tax-Free Income Portfolio Stock Performance

NYSE NXP opened at $14.33 on Friday. The stock’s 50 day simple moving average is $14.70 and its 200-day simple moving average is $14.81. Nuveen Select Tax-Free Income Portfolio has a 1-year low of $13.79 and a 1-year high of $15.25.

Nuveen Select Tax-Free Income Portfolio Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a dividend of $0.052 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.62 dividend on an annualized basis and a yield of 4.36%.

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.