International Assets Investment Management LLC Increases Position in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP)

International Assets Investment Management LLC grew its stake in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) by 1,422.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 81,258 shares of the financial services provider’s stock after acquiring an additional 75,920 shares during the quarter. International Assets Investment Management LLC owned about 0.17% of Nuveen Select Tax-Free Income Portfolio worth $1,228,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nations Financial Group Inc. IA ADV grew its stake in Nuveen Select Tax-Free Income Portfolio by 5.1% during the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 14,340 shares of the financial services provider’s stock worth $208,000 after buying an additional 700 shares during the last quarter. Wolverine Asset Management LLC grew its stake in Nuveen Select Tax-Free Income Portfolio by 19.0% during the 2nd quarter. Wolverine Asset Management LLC now owns 5,305 shares of the financial services provider’s stock worth $77,000 after buying an additional 848 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in Nuveen Select Tax-Free Income Portfolio by 3.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 37,996 shares of the financial services provider’s stock worth $549,000 after buying an additional 1,232 shares during the last quarter. Truist Financial Corp grew its stake in Nuveen Select Tax-Free Income Portfolio by 4.9% during the 2nd quarter. Truist Financial Corp now owns 58,584 shares of the financial services provider’s stock worth $849,000 after buying an additional 2,715 shares during the last quarter. Finally, Lynx Investment Advisory purchased a new position in Nuveen Select Tax-Free Income Portfolio during the 2nd quarter worth $85,000. 16.17% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen Select Tax-Free Income Portfolio Stock Performance

Shares of NXP stock opened at $14.81 on Tuesday. Nuveen Select Tax-Free Income Portfolio has a 1-year low of $13.33 and a 1-year high of $15.25. The stock’s fifty day moving average price is $14.97 and its 200 day moving average price is $14.63.

Nuveen Select Tax-Free Income Portfolio Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a dividend of $0.052 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.62 dividend on an annualized basis and a yield of 4.21%.

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.