Advisors Asset Management Inc. Sells 44,123 Shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP)

Advisors Asset Management Inc. trimmed its position in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP - Free Report) by 17.5% during the fourth quarter, according to the company in its most recent Form 13F filing 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 quarter.

Other large investors also recently modified their holdings of the company. Global Retirement Partners LLC purchased a new stake in Nuveen Select Tax-Free Income Portfolio in the 4th quarter worth approximately $27,000. Icon Wealth Advisors LLC bought a new position in Nuveen Select Tax-Free Income Portfolio in the 3rd quarter worth about $32,000. Flagship Wealth Advisors LLC purchased a new stake in shares of Nuveen Select Tax-Free Income Portfolio in the 4th quarter valued at about $47,000. Visionary Horizons LLC boosted its position in shares of Nuveen Select Tax-Free Income Portfolio by 21.2% during the 4th 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 during the last quarter. Finally, Concurrent Investment Advisors LLC grew its holdings in shares of Nuveen Select Tax-Free Income Portfolio by 103.2% during the fourth quarter. Concurrent Investment Advisors LLC now owns 26,351 shares of the financial services provider's stock worth $399,000 after purchasing an additional 13,382 shares in the last quarter. 16.17% of the stock is currently owned by institutional investors.

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Nuveen Select Tax-Free Income Portfolio Trading Down 0.5 %

NXP traded down $0.08 on Wednesday, reaching $14.35. The company had a trading volume of 58,982 shares, compared to its average volume of 85,614. Nuveen Select Tax-Free Income Portfolio has a 52-week low of $13.79 and a 52-week high of $15.25. The business has a 50 day simple moving average of $14.69 and a 200 day simple moving average of $14.80.

Nuveen Select Tax-Free Income Portfolio Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $0.052 per share. This represents a $0.62 annualized dividend and a dividend yield of 4.35%. The ex-dividend date is Friday, March 14th.

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.