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Hennion & Walsh Asset Management Inc. Increases Stock Position in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP)

Nuveen Select Tax-Free Income Portfolio logo

Hennion & Walsh Asset Management Inc. grew its holdings in shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP - Free Report) by 45.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 956,400 shares of the financial services provider's stock after purchasing an additional 298,219 shares during the quarter. Nuveen Select Tax-Free Income Portfolio comprises approximately 0.7% of Hennion & Walsh Asset Management Inc.'s portfolio, making the stock its 25th biggest holding. Hennion & Walsh Asset Management Inc. owned 2.04% of Nuveen Select Tax-Free Income Portfolio worth $14,489,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of NXP. Icon Wealth Advisors LLC bought a new position in Nuveen Select Tax-Free Income Portfolio in the 3rd quarter worth about $32,000. Sanctuary Advisors LLC purchased a new stake in shares of Nuveen Select Tax-Free Income Portfolio in the second quarter worth about $161,000. Bank of New York Mellon Corp bought a new position in shares of Nuveen Select Tax-Free Income Portfolio in the second quarter valued at approximately $249,000. B. Riley Wealth Advisors Inc. grew its stake in Nuveen Select Tax-Free Income Portfolio by 101.4% during the second quarter. B. Riley Wealth Advisors Inc. now owns 21,497 shares of the financial services provider's stock valued at $313,000 after acquiring an additional 10,824 shares in the last quarter. Finally, Blake Schutter Theil Wealth Advisors LLC bought a new stake in Nuveen Select Tax-Free Income Portfolio during the 3rd quarter worth approximately $439,000. Hedge funds and other institutional investors own 16.17% of the company's stock.

Nuveen Select Tax-Free Income Portfolio Stock Performance

NYSE NXP traded down $0.07 on Thursday, hitting $14.76. The stock had a trading volume of 54,786 shares, compared to its average volume of 83,829. The firm has a 50-day moving average of $14.79 and a 200-day moving average of $14.82. Nuveen Select Tax-Free Income Portfolio has a 52-week low of $13.79 and a 52-week high of $15.25.

Nuveen Select Tax-Free Income Portfolio Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be paid a dividend of $0.052 per share. This represents a $0.62 annualized dividend and a yield of 4.23%. The ex-dividend date of this dividend is Wednesday, January 15th.

Nuveen Select Tax-Free Income Portfolio Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Nuveen Select Tax-Free Income Portfolio (NYSE:NXP)

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