Sanctuary Advisors LLC Takes $161,000 Position in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP)

Sanctuary Advisors LLC bought a new stake in shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 11,482 shares of the financial services provider’s stock, valued at approximately $161,000.

Other institutional investors have also made changes to their positions in the company. Hennion & Walsh Asset Management Inc. boosted its position in Nuveen Select Tax-Free Income Portfolio by 10.2% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 545,804 shares of the financial services provider’s stock valued at $7,881,000 after buying an additional 50,727 shares in the last quarter. Silver Lake Advisory LLC acquired a new position in Nuveen Select Tax-Free Income Portfolio in the second quarter valued at about $631,000. Commonwealth Equity Services LLC boosted its position in Nuveen Select Tax-Free Income Portfolio by 26.3% in the first quarter. Commonwealth Equity Services LLC now owns 136,906 shares of the financial services provider’s stock valued at $1,977,000 after buying an additional 28,516 shares in the last quarter. Breakwater Capital Group raised its stake in shares of 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 acquiring an additional 23,088 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Nuveen Select Tax-Free Income Portfolio in the second quarter worth about $249,000. 16.17% of the stock is currently owned by institutional investors and hedge funds.

Nuveen Select Tax-Free Income Portfolio Stock Up 0.2 %

Shares of NYSE NXP opened at $15.01 on Monday. Nuveen Select Tax-Free Income Portfolio has a 1-year low of $12.91 and a 1-year high of $15.25. The company has a 50-day moving average of $14.97 and a two-hundred day moving average of $14.58.

Nuveen Select Tax-Free Income Portfolio Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be paid a $0.052 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date is Tuesday, October 15th.

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.