Advisors Asset Management Inc. Trims Stake in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP)

Advisors Asset Management Inc. lessened its position in shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) by 22.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 252,086 shares of the financial services provider’s stock after selling 71,775 shares during the quarter. Advisors Asset Management Inc.’s holdings in Nuveen Select Tax-Free Income Portfolio were worth $3,809,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new position in shares of Nuveen Select Tax-Free Income Portfolio during the second quarter worth approximately $77,000. Wolverine Asset Management LLC grew its position in Nuveen Select Tax-Free Income Portfolio by 19.0% during 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. Lynx Investment Advisory acquired a new position in Nuveen Select Tax-Free Income Portfolio in the second quarter valued at $85,000. Rothschild Investment LLC purchased a new stake in shares of Nuveen Select Tax-Free Income Portfolio in the second quarter valued at about $126,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Nuveen Select Tax-Free Income Portfolio during the second quarter worth about $161,000. Institutional investors and hedge funds own 16.17% of the company’s stock.

Nuveen Select Tax-Free Income Portfolio Stock Performance

Shares of NXP stock opened at $14.56 on Friday. The stock’s 50-day moving average price is $14.88 and its 200 day moving average price is $14.68. Nuveen Select Tax-Free Income Portfolio has a 52-week low of $13.79 and a 52-week high of $15.25.

Nuveen Select Tax-Free Income Portfolio Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a $0.052 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date is Friday, November 15th.

Nuveen Select Tax-Free Income Portfolio 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.