Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) Position Boosted by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC raised its holdings in shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) by 103.2% during the 4th quarter, HoldingsChannel reports. The fund owned 26,351 shares of the financial services provider’s stock after purchasing an additional 13,382 shares during the period. Concurrent Investment Advisors LLC’s holdings in Nuveen Select Tax-Free Income Portfolio were worth $399,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Global Retirement Partners LLC purchased a new position in Nuveen Select Tax-Free Income Portfolio during the 4th quarter valued at about $27,000. Truist Financial Corp grew its stake in 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 valued at $919,000 after acquiring an additional 1,300 shares in the last quarter. Van ECK Associates Corp grew its stake in 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 valued at $3,142,000 after acquiring an additional 4,815 shares in the last quarter. Visionary Horizons LLC grew its stake in Nuveen Select Tax-Free Income Portfolio by 21.2% during the 4th quarter. Visionary Horizons LLC now owns 16,570 shares of the financial services provider’s stock valued at $251,000 after acquiring an additional 2,895 shares in the last quarter. Finally, Stratos Wealth Partners LTD. grew its stake in Nuveen Select Tax-Free Income Portfolio by 13.2% during the 4th quarter. Stratos Wealth Partners LTD. now owns 48,207 shares of the financial services provider’s stock valued at $730,000 after acquiring an additional 5,609 shares in the last quarter. Hedge funds and other institutional investors own 16.17% of the company’s stock.

Nuveen Select Tax-Free Income Portfolio Stock Down 0.6 %

NYSE:NXP opened at $14.61 on Tuesday. Nuveen Select Tax-Free Income Portfolio has a fifty-two week low of $13.79 and a fifty-two week high of $15.25. The stock’s 50-day moving average is $14.83 and its two-hundred day moving average is $14.86.

Nuveen Select Tax-Free Income Portfolio Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a dividend of $0.052 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.62 annualized dividend and a dividend yield of 4.27%.

Nuveen Select Tax-Free Income Portfolio 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.