Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) Sees Strong Trading Volume

Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) saw unusually-strong trading volume on Friday . Approximately 100,005 shares changed hands during trading, an increase of 12% from the previous session’s volume of 89,543 shares.The stock last traded at $13.43 and had previously closed at $13.39.

Nuveen Select Tax-Free Income Portfolio Trading Up 1.4 %

The business’s 50-day simple moving average is $13.63 and its two-hundred day simple moving average is $14.13.

Nuveen Select Tax-Free Income Portfolio Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be given a $0.0485 dividend. This represents a $0.58 annualized dividend and a dividend yield of 4.29%. The ex-dividend date of this dividend is Tuesday, November 14th.

Institutional Investors Weigh In On Nuveen Select Tax-Free Income Portfolio

A number of institutional investors and hedge funds have recently modified their holdings of the company. Raymond James Trust N.A. lifted its holdings in shares of Nuveen Select Tax-Free Income Portfolio by 16.3% during the 1st quarter. Raymond James Trust N.A. now owns 35,327 shares of the financial services provider’s stock worth $506,000 after acquiring an additional 4,964 shares during the last quarter. Raymond James & Associates lifted its position in shares of Nuveen Select Tax-Free Income Portfolio by 2.4% in the 2nd quarter. Raymond James & Associates now owns 144,554 shares of the financial services provider’s stock worth $2,083,000 after purchasing an additional 3,434 shares during the period. Coombe Bender & Co LLC lifted its holdings in Nuveen Select Tax-Free Income Portfolio by 15.2% in the first quarter. Coombe Bender & Co LLC now owns 29,977 shares of the financial services provider’s stock worth $429,000 after buying an additional 3,959 shares during the period. LPL Financial LLC boosted its position in shares of Nuveen Select Tax-Free Income Portfolio by 25.4% during the second quarter. LPL Financial LLC now owns 127,809 shares of the financial services provider’s stock valued at $1,842,000 after purchasing an additional 25,876 shares in the last quarter. Finally, Cullen Frost Bankers Inc. grew its position in shares of Nuveen Select Tax-Free Income Portfolio by 230.6% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 5,395 shares of the financial services provider’s stock worth $78,000 after buying an additional 3,763 shares during the period. 15.34% of the stock is owned by hedge funds and other institutional investors.

Nuveen Select Tax-Free Income Portfolio Company 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.