Steward Partners Investment Advisory LLC Sells 1,800 Shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP)

Steward Partners Investment Advisory LLC trimmed its holdings in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) by 25.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,401 shares of the financial services provider’s stock after selling 1,800 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Nuveen Select Tax-Free Income Portfolio were worth $82,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Jones Financial Companies Lllp raised its holdings in Nuveen Select Tax-Free Income Portfolio by 47.0% during the 4th quarter. Jones Financial Companies Lllp now owns 137,388 shares of the financial services provider’s stock valued at $2,081,000 after buying an additional 43,948 shares during the period. Hennion & Walsh Asset Management Inc. grew its position in shares of Nuveen Select Tax-Free Income Portfolio by 45.3% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 956,400 shares of the financial services provider’s stock worth $14,489,000 after buying an additional 298,219 shares in the last quarter. Truist Financial Corp grew its position in shares of Nuveen Select Tax-Free Income Portfolio by 2.2% during the 4th quarter. Truist Financial Corp now owns 60,684 shares of the financial services provider’s stock worth $919,000 after buying an additional 1,300 shares in the last quarter. Van ECK Associates Corp grew its position in shares of Nuveen Select Tax-Free Income Portfolio by 2.4% during the 4th quarter. Van ECK Associates Corp now owns 207,378 shares of the financial services provider’s stock worth $3,142,000 after buying an additional 4,815 shares in the last quarter. Finally, AdvisorNet Financial Inc boosted its position in Nuveen Select Tax-Free Income Portfolio by 8.2% during the fourth quarter. AdvisorNet Financial Inc now owns 56,960 shares of the financial services provider’s stock valued at $863,000 after purchasing an additional 4,325 shares in the last quarter. 16.17% of the stock is currently owned by institutional investors.

Nuveen Select Tax-Free Income Portfolio Stock Down 0.7 %

Shares of NXP stock opened at $14.35 on Tuesday. Nuveen Select Tax-Free Income Portfolio has a 1-year low of $13.79 and a 1-year high of $15.25. The stock’s 50-day moving average is $14.75 and its 200 day moving average is $14.83.

Nuveen Select Tax-Free Income Portfolio Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a dividend of $0.052 per share. This represents a $0.62 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date of this dividend is Friday, March 14th.

About Nuveen Select Tax-Free Income Portfolio

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.