Capital Investment Advisors LLC Reduces Stock Position in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP)

Capital Investment Advisors LLC lowered its stake in shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) by 2.7% during the 1st quarter, HoldingsChannel reports. The fund owned 52,457 shares of the financial services provider’s stock after selling 1,467 shares during the period. Capital Investment Advisors LLC’s holdings in Nuveen Select Tax-Free Income Portfolio were worth $754,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Breakwater Capital Group lifted its position in shares of Nuveen Select Tax-Free Income Portfolio by 18.3% during the first quarter. Breakwater Capital Group now owns 52,709 shares of the financial services provider’s stock worth $757,000 after acquiring an additional 8,146 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of Nuveen Select Tax-Free Income Portfolio by 9.7% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 1,049,189 shares of the financial services provider’s stock worth $15,077,000 after buying an additional 92,789 shares in the last quarter. RFG Advisory LLC purchased a new stake in shares of Nuveen Select Tax-Free Income Portfolio in the first quarter worth $150,000. NBC Securities Inc. raised its position in shares of Nuveen Select Tax-Free Income Portfolio by 199,400.0% in the first quarter. NBC Securities Inc. now owns 1,995 shares of the financial services provider’s stock worth $28,000 after buying an additional 1,994 shares in the last quarter. Finally, AdvisorNet Financial Inc raised its position in shares of Nuveen Select Tax-Free Income Portfolio by 8.1% in the first quarter. AdvisorNet Financial Inc now owns 61,560 shares of the financial services provider’s stock worth $885,000 after buying an additional 4,600 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 Trading Down 0.1%

Shares of NXP stock opened at $13.96 on Wednesday. Nuveen Select Tax-Free Income Portfolio has a 52-week low of $13.30 and a 52-week high of $15.25. The business’s fifty day moving average is $13.95 and its 200 day moving average is $14.45.

Nuveen Select Tax-Free Income Portfolio Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be given a $0.052 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.47%.

Nuveen Select Tax-Free Income Portfolio 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.