Stephens Inc. AR Cuts Stake in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP)

Stephens Inc. AR reduced its position in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) by 0.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 494,574 shares of the financial services provider’s stock after selling 1,000 shares during the quarter. Stephens Inc. AR’s holdings in Nuveen Select Tax-Free Income Portfolio were worth $7,493,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Truist Financial Corp raised its holdings in shares of Nuveen Select Tax-Free Income Portfolio by 4.9% in the 2nd quarter. Truist Financial Corp now owns 58,584 shares of the financial services provider’s stock valued at $849,000 after purchasing an additional 2,715 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in Nuveen Select Tax-Free Income Portfolio during the second quarter valued at approximately $161,000. International Assets Investment Management LLC raised its stake in 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 buying an additional 75,920 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in Nuveen Select Tax-Free Income Portfolio by 27.9% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 658,181 shares of the financial services provider’s stock worth $9,945,000 after buying an additional 143,447 shares in the last quarter. Finally, Blake Schutter Theil Wealth Advisors LLC purchased a new stake in Nuveen Select Tax-Free Income Portfolio during the third quarter worth $439,000. 16.17% of the stock is owned by hedge funds and other institutional investors.

Nuveen Select Tax-Free Income Portfolio Trading Up 0.3 %

Shares of NYSE:NXP opened at $14.95 on Monday. Nuveen Select Tax-Free Income Portfolio has a 12-month low of $13.79 and a 12-month high of $15.25. The business’s fifty day simple moving average is $14.85 and its 200-day simple moving average is $14.86.

Nuveen Select Tax-Free Income Portfolio Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be paid a $0.052 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.62 annualized dividend and a yield of 4.17%.

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.