IFP Advisors Inc Trims Stock Position in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP)

IFP Advisors Inc lessened its holdings in shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP – Get Rating) by 68.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,959 shares of the financial services provider’s stock after selling 6,420 shares during the period. IFP Advisors Inc’s holdings in Nuveen Select Tax-Free Income Portfolio were worth $42,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Leelyn Smith LLC purchased a new position in Nuveen Select Tax-Free Income Portfolio in the third quarter valued at $25,000. Romano Brothers AND Company purchased a new position in Nuveen Select Tax-Free Income Portfolio in the fourth quarter valued at $101,000. Cohen & Steers Inc. purchased a new position in Nuveen Select Tax-Free Income Portfolio in the first quarter valued at $144,000. Successful Portfolios LLC purchased a new position in Nuveen Select Tax-Free Income Portfolio in the fourth quarter valued at $147,000. Finally, AE Wealth Management LLC purchased a new position in Nuveen Select Tax-Free Income Portfolio in the fourth quarter valued at $148,000.

Nuveen Select Tax-Free Income Portfolio Stock Down 0.7 %

NXP opened at $14.39 on Friday. Nuveen Select Tax-Free Income Portfolio has a fifty-two week low of $12.86 and a fifty-two week high of $14.94. The company has a fifty day moving average of $14.36 and a two-hundred day moving average of $14.13.

Nuveen Select Tax-Free Income Portfolio Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Monday, May 15th will be paid a dividend of $0.0485 per share. The ex-dividend date is Friday, May 12th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 4.04%.

Nuveen Select Tax-Free Income Portfolio Profile

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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.