Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. trimmed its position in shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP - Free Report) by 22.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 252,086 shares of the financial services provider's stock after selling 71,775 shares during the quarter. Advisors Asset Management Inc. owned 0.54% of Nuveen Select Tax-Free Income Portfolio worth $3,809,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in NXP. International Assets Investment Management LLC acquired a new position in Nuveen Select Tax-Free Income Portfolio during the 2nd quarter worth approximately $77,000. Wolverine Asset Management LLC lifted its holdings in Nuveen Select Tax-Free Income Portfolio by 19.0% in the second quarter. Wolverine Asset Management LLC now owns 5,305 shares of the financial services provider's stock valued at $77,000 after acquiring an additional 848 shares during the period. Lynx Investment Advisory acquired a new stake in Nuveen Select Tax-Free Income Portfolio in the second quarter valued at $85,000. Rothschild Investment LLC acquired a new position in shares of Nuveen Select Tax-Free Income Portfolio during the 2nd quarter worth $126,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Nuveen Select Tax-Free Income Portfolio during the 2nd quarter worth $161,000. 16.17% of the stock is owned by hedge funds and other institutional investors.

Nuveen Select Tax-Free Income Portfolio Stock Down 0.8 %

Shares of NYSE NXP traded down $0.12 during midday trading on Friday, hitting $14.56. The company had a trading volume of 119,997 shares, compared to its average volume of 79,474. Nuveen Select Tax-Free Income Portfolio has a twelve month low of $13.79 and a twelve month high of $15.25. The business has a 50-day simple moving average of $14.87 and a two-hundred day simple moving average of $14.68.

Nuveen Select Tax-Free Income Portfolio Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a dividend of $0.052 per share. The ex-dividend date is Friday, November 15th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.29%.

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.