Van ECK Associates Corp Trims Stock Position in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP)

Van ECK Associates Corp lessened its position in shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) by 0.4% during the third quarter, HoldingsChannel.com reports. The fund owned 202,563 shares of the financial services provider’s stock after selling 831 shares during the period. Van ECK Associates Corp’s holdings in Nuveen Select Tax-Free Income Portfolio were worth $3,026,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Nuveen Select Tax-Free Income Portfolio by 27.9% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 658,181 shares of the financial services provider’s stock valued at $9,945,000 after acquiring an additional 143,447 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Nuveen Select Tax-Free Income Portfolio by 1,422.3% in the third quarter. International Assets Investment Management LLC now owns 81,258 shares of the financial services provider’s stock worth $1,228,000 after purchasing an additional 75,920 shares during the last quarter. Silver Lake Advisory LLC purchased a new stake in Nuveen Select Tax-Free Income Portfolio in the second quarter valued at approximately $631,000. Breakwater Capital Group raised its stake in 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 valued at $561,000 after purchasing an additional 23,088 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in Nuveen Select Tax-Free Income Portfolio during the second quarter valued at approximately $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

NYSE NXP opened at $14.68 on Friday. The stock’s 50-day simple moving average is $14.94 and its two-hundred day simple moving average is $14.65. Nuveen Select Tax-Free Income Portfolio has a twelve month low of $13.33 and a twelve month high of $15.25.

Nuveen Select Tax-Free Income Portfolio Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a dividend of $0.052 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.62 dividend on an annualized basis and a yield of 4.25%.

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.