Nuveen Select Tax-Free Income Portfolio (NYSE:NXP - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 58,623 shares were traded during mid-day trading, a decline of 25% from the previous session's volume of 77,747 shares.The stock last traded at $14.80 and had previously closed at $14.75.
Nuveen Select Tax-Free Income Portfolio Price Performance
The firm has a 50 day moving average of $14.60 and a two-hundred day moving average of $14.45.
Nuveen Select Tax-Free Income Portfolio Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.052 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date is Thursday, August 15th.
Institutional Trading of Nuveen Select Tax-Free Income Portfolio
A number of hedge funds have recently made changes to their positions in NXP. International Assets Investment Management LLC boosted its stake in shares of Nuveen Select Tax-Free Income Portfolio by 1,392.5% during the fourth quarter. International Assets Investment Management LLC now owns 77,982 shares of the financial services provider's stock valued at $1,153,000 after purchasing an additional 72,757 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Nuveen Select Tax-Free Income Portfolio by 15.3% during the fourth quarter. Van ECK Associates Corp now owns 257,980 shares of the financial services provider's stock valued at $3,813,000 after purchasing an additional 34,173 shares in the last quarter. Coombe Bender & Co LLC raised its position in shares of Nuveen Select Tax-Free Income Portfolio by 15.7% during the fourth quarter. Coombe Bender & Co LLC now owns 28,897 shares of the financial services provider's stock worth $427,000 after acquiring an additional 3,917 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Nuveen Select Tax-Free Income Portfolio by 13.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 36,764 shares of the financial services provider's stock worth $543,000 after acquiring an additional 4,306 shares during the last quarter. Finally, ProVise Management Group LLC raised its position in shares of Nuveen Select Tax-Free Income Portfolio by 4.4% during the fourth quarter. ProVise Management Group LLC now owns 23,840 shares of the financial services provider's stock worth $352,000 after acquiring an additional 1,000 shares during the last quarter. 16.17% of the stock is owned by institutional investors and hedge funds.
About Nuveen Select Tax-Free Income Portfolio
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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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