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International Assets Investment Management LLC Boosts Holdings in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP)

Nuveen Select Tax-Free Income Portfolio logo with Finance background

International Assets Investment Management LLC raised its stake in shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP - Free Report) by 1,422.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,258 shares of the financial services provider's stock after purchasing an additional 75,920 shares during the quarter. International Assets Investment Management LLC owned about 0.17% of Nuveen Select Tax-Free Income Portfolio worth $1,228,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Silver Lake Advisory LLC acquired a new stake in shares of Nuveen Select Tax-Free Income Portfolio in the second quarter worth $631,000. Breakwater Capital Group increased its stake 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 worth $561,000 after acquiring an additional 23,088 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Nuveen Select Tax-Free Income Portfolio in the second quarter worth $249,000. Essex Financial Services Inc. increased its stake in shares of Nuveen Select Tax-Free Income Portfolio by 132.0% in the second quarter. Essex Financial Services Inc. now owns 29,000 shares of the financial services provider's stock worth $422,000 after acquiring an additional 16,500 shares during the period. Finally, Concurrent Investment Advisors LLC acquired a new stake in shares of Nuveen Select Tax-Free Income Portfolio in the second quarter worth $188,000. Institutional investors and hedge funds own 16.17% of the company's stock.

Nuveen Select Tax-Free Income Portfolio Stock Up 0.7 %

Shares of NYSE:NXP traded up $0.11 during midday trading on Tuesday, reaching $14.92. The company's stock had a trading volume of 65,293 shares, compared to its average volume of 78,950. Nuveen Select Tax-Free Income Portfolio has a twelve month low of $13.33 and a twelve month high of $15.25. The stock has a fifty day moving average of $14.97 and a 200 day moving average of $14.63.

Nuveen Select Tax-Free Income Portfolio Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 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 4.18%. The ex-dividend date of this dividend is Friday, November 15th.

About Nuveen Select Tax-Free Income Portfolio

(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.

See Also

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

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