Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) Stock Crosses Below 200 Day Moving Average – Time to Sell?

Shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $14.68 and traded as low as $14.62. Nuveen Select Tax-Free Income Portfolio shares last traded at $14.68, with a volume of 77,183 shares changing hands.

Nuveen Select Tax-Free Income Portfolio Trading Up 0.3 %

The firm has a 50-day simple moving average of $14.89 and a 200-day simple moving average of $14.68.

Nuveen Select Tax-Free Income Portfolio Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a $0.052 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.62 annualized dividend and a yield of 4.25%.

Institutional Investors Weigh In On Nuveen Select Tax-Free Income Portfolio

Several hedge funds and other institutional investors have recently modified their holdings of NXP. Lynx Investment Advisory purchased a new position in Nuveen Select Tax-Free Income Portfolio during the second quarter valued at approximately $85,000. Capital Advisors Wealth Management LLC grew its position in shares of Nuveen Select Tax-Free Income Portfolio by 57.2% during the 2nd quarter. Capital Advisors Wealth Management LLC now owns 16,439 shares of the financial services provider’s stock valued at $238,000 after purchasing an additional 5,979 shares in the last quarter. Silver Lake Advisory LLC bought a new position in shares of Nuveen Select Tax-Free Income Portfolio in the second quarter worth $631,000. Bank of New York Mellon Corp purchased a new stake in shares of Nuveen Select Tax-Free Income Portfolio in the second quarter worth $249,000. Finally, Breakwater Capital Group boosted its stake in Nuveen Select Tax-Free Income Portfolio by 147.7% during the second quarter. Breakwater Capital Group now owns 38,722 shares of the financial services provider’s stock valued at $561,000 after buying an additional 23,088 shares during the period. 16.17% of the stock is currently owned by institutional investors.

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.