Hennion & Walsh Asset Management Inc. Acquires 143,447 Shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP)

Hennion & Walsh Asset Management Inc. increased its position in shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP - Free Report) by 27.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 658,181 shares of the financial services provider's stock after buying an additional 143,447 shares during the period. Hennion & Walsh Asset Management Inc. owned 1.41% of Nuveen Select Tax-Free Income Portfolio worth $9,945,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC increased its holdings in shares of Nuveen Select Tax-Free Income Portfolio by 26.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 136,906 shares of the financial services provider's stock worth $1,977,000 after acquiring an additional 28,516 shares during the last quarter. International Assets Investment Management LLC raised its stake in Nuveen Select Tax-Free Income Portfolio by 1,422.3% in the 3rd quarter. International Assets Investment Management LLC now owns 81,258 shares of the financial services provider's stock worth $1,228,000 after purchasing an additional 75,920 shares in the last quarter. Truist Financial Corp boosted its holdings in 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 valued at $849,000 after purchasing an additional 2,715 shares during the period. Silver Lake Advisory LLC acquired a new position in shares of Nuveen Select Tax-Free Income Portfolio during the 2nd quarter worth approximately $631,000. Finally, Breakwater Capital Group raised its position in shares of Nuveen Select Tax-Free Income Portfolio by 147.7% in the second quarter. Breakwater Capital Group now owns 38,722 shares of the financial services provider's stock valued at $561,000 after buying an additional 23,088 shares in the last quarter. 16.17% of the stock is owned by institutional investors.

Nuveen Select Tax-Free Income Portfolio Price Performance

Shares of NYSE:NXP traded down $0.09 during midday trading on Thursday, hitting $14.85. The stock had a trading volume of 70,123 shares, compared to its average volume of 78,565. The company's 50-day moving average price is $14.98 and its 200-day moving average price is $14.59. Nuveen Select Tax-Free Income Portfolio has a fifty-two week low of $13.00 and a fifty-two week high of $15.25.

Nuveen Select Tax-Free Income Portfolio Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be paid a dividend of $0.052 per share. This represents a $0.62 annualized dividend and a yield of 4.20%. The ex-dividend date of this dividend is Tuesday, October 15th.

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.