Nuveen Select Tax-Free Income Portfolio (NYSE:NXP - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 75,786 shares changed hands during trading, a decline of 3% from the previous session's volume of 78,022 shares.The stock last traded at $15.01 and had previously closed at $14.98.
Nuveen Select Tax-Free Income Portfolio Price Performance
The company's fifty day moving average is $14.69 and its two-hundred day moving average is $14.48.
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 given a dividend of $0.052 per share. The ex-dividend date is Thursday, August 15th. This represents a $0.62 annualized dividend and a dividend yield of 4.15%.
Institutional Trading of Nuveen Select Tax-Free Income Portfolio
Several institutional investors and hedge funds have recently made changes to their positions in NXP. Truist Financial Corp raised its position in shares of Nuveen Select Tax-Free Income Portfolio by 4.9% during 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 during the last quarter. B. Riley Wealth Advisors Inc. increased its position in shares of Nuveen Select Tax-Free Income Portfolio by 101.4% during the second quarter. B. Riley Wealth Advisors Inc. now owns 21,497 shares of the financial services provider's stock worth $313,000 after acquiring an additional 10,824 shares during the last quarter. Silver Lake Advisory LLC acquired a new stake in shares of Nuveen Select Tax-Free Income Portfolio during the second quarter worth approximately $631,000. Wolverine Asset Management LLC increased its position in shares of 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 worth $77,000 after purchasing an additional 848 shares during the last quarter. Finally, Essex Financial Services Inc. lifted its holdings in Nuveen Select Tax-Free Income Portfolio by 132.0% during the 2nd quarter. Essex Financial Services Inc. now owns 29,000 shares of the financial services provider's stock worth $422,000 after buying an additional 16,500 shares during the last quarter. 16.17% of the stock is owned by hedge funds and other institutional investors.
About Nuveen Select Tax-Free Income Portfolio
(
Get 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.
Further Reading
Before you consider Nuveen Select Tax-Free Income Portfolio, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nuveen Select Tax-Free Income Portfolio wasn't on the list.
While Nuveen Select Tax-Free Income Portfolio currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
