Breakwater Capital Group Buys 23,088 Shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP)

Breakwater Capital Group increased its stake in shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP - Free Report) by 147.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,722 shares of the financial services provider's stock after acquiring an additional 23,088 shares during the quarter. Breakwater Capital Group owned about 0.08% of Nuveen Select Tax-Free Income Portfolio worth $561,000 at the end of the most recent reporting period.

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Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp bought a new stake in Nuveen Select Tax-Free Income Portfolio in the 2nd quarter valued at $249,000. Silver Lake Advisory LLC acquired a new stake in shares of Nuveen Select Tax-Free Income Portfolio in the 2nd quarter valued at $631,000. Capital Advisors Wealth Management LLC boosted its stake in shares of Nuveen Select Tax-Free Income Portfolio by 57.2% in the 2nd quarter. Capital Advisors Wealth Management LLC now owns 16,439 shares of the financial services provider's stock valued at $238,000 after purchasing an additional 5,979 shares in the last quarter. Lynx Investment Advisory acquired a new position in Nuveen Select Tax-Free Income Portfolio during the 2nd quarter worth about $85,000. Finally, Janney Montgomery Scott LLC lifted its position in Nuveen Select Tax-Free Income Portfolio by 3.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 37,996 shares of the financial services provider's stock worth $549,000 after buying an additional 1,232 shares in the last quarter. Institutional investors own 16.17% of the company's stock.

Nuveen Select Tax-Free Income Portfolio Stock Up 0.2 %

NYSE NXP traded up $0.03 on Wednesday, hitting $15.08. 75,632 shares of the company were exchanged, compared to its average volume of 78,198. The firm has a 50 day moving average of $14.65 and a two-hundred day moving average of $14.46. Nuveen Select Tax-Free Income Portfolio has a 1-year low of $12.91 and a 1-year high of $15.25.

Nuveen Select Tax-Free Income Portfolio Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.052 per share. The ex-dividend date is Thursday, August 15th. This represents a $0.62 annualized dividend and a yield of 4.14%.

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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