Breakwater Capital Group Increases Stock Holdings in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP)

Breakwater Capital Group raised its holdings in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) by 4.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,634 shares of the financial services provider’s stock after buying an additional 715 shares during the quarter. Breakwater Capital Group’s holdings in Nuveen Select Tax-Free Income Portfolio were worth $226,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in NXP. Hennion & Walsh Asset Management Inc. raised its position in shares of Nuveen Select Tax-Free Income Portfolio by 10.2% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 545,804 shares of the financial services provider’s stock valued at $7,881,000 after purchasing an additional 50,727 shares during the last quarter. Stephens Inc. AR raised its stake in Nuveen Select Tax-Free Income Portfolio by 2.7% in the 4th quarter. Stephens Inc. AR now owns 476,194 shares of the financial services provider’s stock worth $7,038,000 after acquiring an additional 12,300 shares during the last quarter. Advisors Asset Management Inc. lifted its position in Nuveen Select Tax-Free Income Portfolio by 10.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 354,909 shares of the financial services provider’s stock worth $4,720,000 after acquiring an additional 32,460 shares during the period. Van ECK Associates Corp grew its stake in Nuveen Select Tax-Free Income Portfolio by 15.3% during the 4th quarter. Van ECK Associates Corp now owns 257,980 shares of the financial services provider’s stock valued at $3,813,000 after purchasing an additional 34,173 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in shares of Nuveen Select Tax-Free Income Portfolio by 11.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 195,405 shares of the financial services provider’s stock valued at $2,888,000 after purchasing an additional 19,595 shares during the period. Institutional investors and hedge funds own 16.17% of the company’s stock.

Nuveen Select Tax-Free Income Portfolio Stock Up 0.8 %

Nuveen Select Tax-Free Income Portfolio stock opened at $14.49 on Monday. Nuveen Select Tax-Free Income Portfolio has a 52 week low of $12.91 and a 52 week high of $14.89. The stock has a 50-day moving average price of $14.27 and a 200 day moving average price of $14.45.

Nuveen Select Tax-Free Income Portfolio Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be paid a $0.052 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.31%. This is a positive change from Nuveen Select Tax-Free Income Portfolio’s previous monthly dividend of $0.05.

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.