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Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) Hits New 12-Month Low - What's Next?

Nuveen Select Tax-Free Income Portfolio logo with Finance background

Shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP - Get Free Report) hit a new 52-week low during trading on Tuesday . The stock traded as low as $13.71 and last traded at $13.91, with a volume of 84731 shares trading hands. The stock had previously closed at $13.96.

Nuveen Select Tax-Free Income Portfolio Price Performance

The stock's 50-day moving average price is $14.45 and its 200 day moving average price is $14.70.

Nuveen Select Tax-Free Income Portfolio Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.052 per share. This represents a $0.62 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date is Tuesday, April 15th.

Hedge Funds Weigh In On Nuveen Select Tax-Free Income Portfolio

A number of institutional investors have recently made changes to their positions in the business. Global Retirement Partners LLC acquired a new stake in Nuveen Select Tax-Free Income Portfolio in the 4th quarter valued at approximately $27,000. NBC Securities Inc. grew its stake 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 acquiring an additional 1,994 shares during the last quarter. Flagship Wealth Advisors LLC bought a new position in Nuveen Select Tax-Free Income Portfolio during the fourth quarter worth $47,000. RFG Advisory LLC acquired a new position in Nuveen Select Tax-Free Income Portfolio during the 1st quarter valued at $150,000. Finally, Visionary Horizons LLC boosted its holdings in Nuveen Select Tax-Free Income Portfolio by 21.2% in the 4th quarter. Visionary Horizons LLC now owns 16,570 shares of the financial services provider's stock valued at $251,000 after purchasing an additional 2,895 shares during the period. 16.17% of the stock is currently owned by institutional investors.

Nuveen Select Tax-Free Income Portfolio Company Profile

(Get 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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