International Assets Investment Management LLC Boosts Stock Position in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP)

International Assets Investment Management LLC grew its stake in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) by 1,422.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 81,258 shares of the financial services provider’s stock after purchasing an additional 75,920 shares during the period. International Assets Investment Management LLC’s holdings in Nuveen Select Tax-Free Income Portfolio were worth $1,228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Wolverine Asset Management LLC grew its position in shares of Nuveen Select Tax-Free Income Portfolio by 19.0% in the second quarter. Wolverine Asset Management LLC now owns 5,305 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 848 shares in the last quarter. Lynx Investment Advisory acquired a new position in Nuveen Select Tax-Free Income Portfolio in the second quarter valued at approximately $85,000. Rothschild Investment LLC acquired a new position in Nuveen Select Tax-Free Income Portfolio in the second quarter valued at approximately $126,000. Sanctuary Advisors LLC acquired a new position in Nuveen Select Tax-Free Income Portfolio in the second quarter valued at approximately $161,000. Finally, Concurrent Investment Advisors LLC acquired a new position in Nuveen Select Tax-Free Income Portfolio in the second quarter valued at approximately $188,000. 16.17% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen Select Tax-Free Income Portfolio Trading Up 0.5 %

NXP opened at $14.81 on Tuesday. Nuveen Select Tax-Free Income Portfolio has a one year low of $13.33 and a one year high of $15.25. The business’s 50 day moving average price is $14.97 and its 200 day moving average price is $14.63.

Nuveen Select Tax-Free Income Portfolio Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a dividend of $0.052 per share. This represents a $0.62 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date of this dividend is Friday, November 15th.

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.