Truist Financial Corp Acquires 2,715 Shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP)

Truist Financial Corp increased its position in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) by 4.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,584 shares of the financial services provider’s stock after buying an additional 2,715 shares during the period. Truist Financial Corp owned 0.13% of Nuveen Select Tax-Free Income Portfolio worth $849,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in NXP. Hennion & Walsh Asset Management Inc. lifted its position in shares of Nuveen Select Tax-Free Income Portfolio by 10.2% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 545,804 shares of the financial services provider’s stock worth $7,881,000 after buying an additional 50,727 shares in the last quarter. Silver Lake Advisory LLC purchased a new stake in shares of Nuveen Select Tax-Free Income Portfolio in the second quarter worth about $631,000. Commonwealth Equity Services LLC lifted its position in shares of Nuveen Select Tax-Free Income Portfolio by 26.3% in the first quarter. Commonwealth Equity Services LLC now owns 136,906 shares of the financial services provider’s stock worth $1,977,000 after buying an additional 28,516 shares in the last quarter. Breakwater Capital Group lifted its position in shares of Nuveen Select Tax-Free Income Portfolio by 147.7% in the second quarter. Breakwater Capital Group now owns 38,722 shares of the financial services provider’s stock worth $561,000 after buying an additional 23,088 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Nuveen Select Tax-Free Income Portfolio in the second quarter worth about $249,000. 16.17% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen Select Tax-Free Income Portfolio Stock Performance

Shares of NXP stock opened at $15.00 on Tuesday. Nuveen Select Tax-Free Income Portfolio has a 1 year low of $12.91 and a 1 year high of $15.25. The stock’s 50 day simple moving average is $14.94 and its two-hundred day simple moving average is $14.56.

Nuveen Select Tax-Free Income Portfolio Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.052 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.62 dividend on an annualized basis and a yield of 4.16%.

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.