Van ECK Associates Corp Purchases 34,173 Shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP)

Van ECK Associates Corp grew its position in shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) by 15.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 257,980 shares of the financial services provider’s stock after buying an additional 34,173 shares during the quarter. Van ECK Associates Corp’s holdings in Nuveen Select Tax-Free Income Portfolio were worth $3,813,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. UBS Group AG grew its stake in Nuveen Select Tax-Free Income Portfolio by 6.5% during the third quarter. UBS Group AG now owns 1,579,000 shares of the financial services provider’s stock worth $21,001,000 after buying an additional 96,024 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in Nuveen Select Tax-Free Income Portfolio by 22.2% during the third 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. Advisors Asset Management Inc. grew its stake in Nuveen Select Tax-Free Income Portfolio by 10.1% during the third quarter. Advisors Asset Management Inc. now owns 354,909 shares of the financial services provider’s stock worth $4,720,000 after buying an additional 32,460 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Nuveen Select Tax-Free Income Portfolio by 11.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 195,405 shares of the financial services provider’s stock worth $2,888,000 after buying an additional 19,595 shares during the last quarter. Finally, Raymond James & Associates grew its stake in shares of Nuveen Select Tax-Free Income Portfolio by 3.1% during the fourth quarter. Raymond James & Associates now owns 144,877 shares of the financial services provider’s stock valued at $2,141,000 after purchasing an additional 4,359 shares during the last quarter. 16.17% of the stock is owned by institutional investors.

Nuveen Select Tax-Free Income Portfolio Price Performance

Shares of Nuveen Select Tax-Free Income Portfolio stock opened at $14.21 on Monday. The firm has a 50 day simple moving average of $14.35 and a 200 day simple moving average of $14.31. Nuveen Select Tax-Free Income Portfolio has a fifty-two week low of $12.91 and a fifty-two week high of $14.89.

Nuveen Select Tax-Free Income Portfolio Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be issued a $0.0485 dividend. This represents a $0.58 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date of this dividend is Tuesday, May 14th.

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.