Broyhill Asset Management Purchases Shares of 52,807 Nuveen Select Tax-Free Income Portfolio (NYSE:NXP)

Broyhill Asset Management acquired a new position in shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 52,807 shares of the financial services provider's stock, valued at approximately $800,000. Broyhill Asset Management owned 0.11% of Nuveen Select Tax-Free Income Portfolio at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Global Retirement Partners LLC bought a new position in shares of Nuveen Select Tax-Free Income Portfolio during the 4th quarter valued at about $27,000. Flagship Wealth Advisors LLC bought a new position in Nuveen Select Tax-Free Income Portfolio in the fourth quarter valued at approximately $47,000. Visionary Horizons LLC boosted its holdings 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 buying an additional 2,895 shares during the period. Summit Financial Wealth Advisors LLC bought a new stake in shares of Nuveen Select Tax-Free Income Portfolio during the fourth quarter worth $316,000. Finally, Concurrent Investment Advisors LLC raised 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 acquiring an additional 13,382 shares during the period. 16.17% of the stock is currently owned by institutional investors.

Nuveen Select Tax-Free Income Portfolio Stock Performance

NXP remained flat at $13.76 during trading on Friday. 110,236 shares of the company traded hands, compared to its average volume of 88,377. Nuveen Select Tax-Free Income Portfolio has a 1-year low of $13.30 and a 1-year high of $15.25. The stock has a 50 day moving average of $14.35 and a 200-day moving average of $14.67.

Nuveen Select Tax-Free Income Portfolio Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be issued a dividend of $0.052 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.53%.

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.