Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its stake in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) by 1,392.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 77,982 shares of the financial services provider’s stock after acquiring an additional 72,757 shares during the period. International Assets Investment Management LLC owned 0.17% of Nuveen Select Tax-Free Income Portfolio worth $1,153,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UBS Group AG grew its stake in shares of Nuveen Select Tax-Free Income Portfolio by 6.5% in the 3rd quarter. UBS Group AG now owns 1,579,000 shares of the financial services provider’s stock valued at $21,001,000 after purchasing an additional 96,024 shares during the last quarter. Breakwater Capital Group purchased a new position in Nuveen Select Tax-Free Income Portfolio in the 3rd quarter valued at $168,000. Raymond James Financial Services Advisors Inc. increased its stake in Nuveen Select Tax-Free Income Portfolio by 11.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 195,405 shares of the financial services provider’s stock valued at $2,888,000 after buying an additional 19,595 shares during the period. Hennion & Walsh Asset Management Inc. raised its position in Nuveen Select Tax-Free Income Portfolio by 22.2% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 401,729 shares of the financial services provider’s stock worth $5,343,000 after buying an additional 73,005 shares during the last quarter. Finally, Raymond James & Associates raised its position in Nuveen Select Tax-Free Income Portfolio by 3.1% during the 4th quarter. Raymond James & Associates now owns 144,877 shares of the financial services provider’s stock worth $2,141,000 after buying an additional 4,359 shares during the last quarter. 16.17% of the stock is owned by hedge funds and other institutional investors.

Nuveen Select Tax-Free Income Portfolio Stock Down 0.2 %

Shares of NYSE:NXP opened at $13.99 on Tuesday. Nuveen Select Tax-Free Income Portfolio has a fifty-two week low of $12.91 and a fifty-two week high of $14.89. The firm’s 50-day simple moving average is $14.45 and its 200-day simple moving average is $14.28.

Nuveen Select Tax-Free Income Portfolio Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be issued a $0.0485 dividend. This represents a $0.58 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date of this dividend is Friday, April 12th.

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.