Nuveen Select Tax-Free Income Portfolio (NYSE:NXP - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $14.68 and traded as low as $14.62. Nuveen Select Tax-Free Income Portfolio shares last traded at $14.68, with a volume of 77,183 shares traded.
Nuveen Select Tax-Free Income Portfolio Stock Performance
The firm's 50 day moving average is $14.89 and its 200 day moving average is $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. Investors of record on Friday, November 15th will be paid a $0.052 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.62 annualized dividend and a dividend yield of 4.25%.
Institutional Investors Weigh In On Nuveen Select Tax-Free Income Portfolio
Several hedge funds have recently added to or reduced their stakes in the stock. Nations Financial Group Inc. IA ADV lifted its stake in shares of Nuveen Select Tax-Free Income Portfolio by 5.1% in the second quarter. Nations Financial Group Inc. IA ADV now owns 14,340 shares of the financial services provider's stock worth $208,000 after buying an additional 700 shares in the last quarter. Wolverine Asset Management LLC lifted its position in Nuveen Select Tax-Free Income Portfolio by 19.0% in the 2nd 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 in the last quarter. Icon Wealth Advisors LLC purchased a new stake in Nuveen Select Tax-Free Income Portfolio during the 3rd quarter valued at $32,000. Truist Financial Corp increased its holdings in shares of Nuveen Select Tax-Free Income Portfolio by 4.9% in the 2nd quarter. Truist Financial Corp now owns 58,584 shares of the financial services provider's stock worth $849,000 after purchasing an additional 2,715 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in shares of Nuveen Select Tax-Free Income Portfolio in the second quarter worth $77,000. 16.17% of the stock is owned by institutional investors.
Nuveen Select Tax-Free Income Portfolio Company Profile
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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.
Further Reading
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