Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

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 Price Performance

The firm’s fifty day moving average price is $14.88 and its 200 day moving average price is $14.68.

Nuveen Select Tax-Free Income Portfolio Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid a $0.052 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date is Friday, November 15th.

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

Hedge funds have recently made changes to their positions in the stock. Hennion & Walsh Asset Management Inc. lifted its position in shares of Nuveen Select Tax-Free Income Portfolio by 27.9% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 658,181 shares of the financial services provider’s stock valued at $9,945,000 after buying an additional 143,447 shares during the last quarter. International Assets Investment Management LLC lifted its position in Nuveen Select Tax-Free Income Portfolio by 1,422.3% during the third quarter. International Assets Investment Management LLC now owns 81,258 shares of the financial services provider’s stock valued at $1,228,000 after acquiring an additional 75,920 shares during the last quarter. Silver Lake Advisory LLC acquired a new stake in Nuveen Select Tax-Free Income Portfolio in the second quarter valued at approximately $631,000. Blake Schutter Theil Wealth Advisors LLC acquired a new stake in Nuveen Select Tax-Free Income Portfolio in the third quarter valued at approximately $439,000. Finally, Breakwater Capital Group grew its holdings 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 worth $561,000 after purchasing an additional 23,088 shares during the last quarter. 16.17% of the stock is currently owned by hedge funds and other institutional investors.

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.