Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) Sees Strong Trading Volume

Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) saw an uptick in trading volume on Thursday . 84,630 shares traded hands during trading, an increase of 14% from the previous session’s volume of 74,325 shares.The stock last traded at $13.90 and had previously closed at $14.08.

Nuveen Select Tax-Free Income Portfolio Stock Down 1.6 %

The company’s 50 day moving average price is $14.29 and its two-hundred day moving average price is $14.40.

Nuveen Select Tax-Free Income Portfolio Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.0485 per share. The ex-dividend date is Tuesday, May 14th. This represents a $0.58 dividend on an annualized basis and a yield of 4.20%.

Institutional Trading of Nuveen Select Tax-Free Income Portfolio

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UBS Group AG increased its stake in Nuveen Select Tax-Free Income Portfolio by 6.5% in the 3rd quarter. UBS Group AG now owns 1,579,000 shares of the financial services provider’s stock worth $21,001,000 after buying an additional 96,024 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in Nuveen Select Tax-Free Income Portfolio by 10.2% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 545,804 shares of the financial services provider’s stock worth $7,881,000 after purchasing an additional 50,727 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Nuveen Select Tax-Free Income Portfolio by 0.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 510,922 shares of the financial services provider’s stock worth $7,378,000 after purchasing an additional 2,088 shares during the period. Stephens Inc. AR grew its holdings in Nuveen Select Tax-Free Income Portfolio by 2.7% during the 4th quarter. Stephens Inc. AR now owns 476,194 shares of the financial services provider’s stock valued at $7,038,000 after buying an additional 12,300 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its position in shares of Nuveen Select Tax-Free Income Portfolio by 10.1% during the third quarter. Advisors Asset Management Inc. now owns 354,909 shares of the financial services provider’s stock valued at $4,720,000 after buying an additional 32,460 shares during the last quarter. 16.17% of the stock is owned by hedge funds and other institutional investors.

Nuveen Select Tax-Free Income Portfolio Company 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.