Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) Shares Sold by Stifel Financial Corp

Stifel Financial Corp lessened its stake in shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) by 16.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 32,753 shares of the financial services provider’s stock after selling 6,338 shares during the period. Stifel Financial Corp owned approximately 0.07% of Nuveen Select Tax-Free Income Portfolio worth $495,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of NXP. Silver Lake Advisory LLC purchased a new stake in shares of Nuveen Select Tax-Free Income Portfolio during the second quarter valued at $631,000. International Assets Investment Management LLC lifted its position in Nuveen Select Tax-Free Income Portfolio by 1,422.3% during the 3rd quarter. International Assets Investment Management LLC now owns 81,258 shares of the financial services provider’s stock worth $1,228,000 after acquiring an additional 75,920 shares during the period. Hennion & Walsh Asset Management Inc. grew its stake in Nuveen Select Tax-Free Income Portfolio by 27.9% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 658,181 shares of the financial services provider’s stock valued at $9,945,000 after purchasing an additional 143,447 shares during the last quarter. Essex Financial Services Inc. increased its holdings in shares of Nuveen Select Tax-Free Income Portfolio by 132.0% in the second quarter. Essex Financial Services Inc. now owns 29,000 shares of the financial services provider’s stock valued at $422,000 after purchasing an additional 16,500 shares during the period. Finally, Rothschild Investment LLC acquired a new position in shares of Nuveen Select Tax-Free Income Portfolio in the second quarter valued at about $126,000. 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 $14.86 on Friday. The stock has a 50-day moving average price of $14.77 and a 200 day moving average price of $14.77. Nuveen Select Tax-Free Income Portfolio has a 52 week low of $13.79 and a 52 week high of $15.25.

Nuveen Select Tax-Free Income Portfolio Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.052 per share. This represents a $0.62 annualized dividend and a yield of 4.20%. The ex-dividend date of this dividend is Friday, December 13th.

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.