Hennion & Walsh Asset Management Inc. Buys 143,447 Shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP)

Hennion & Walsh Asset Management Inc. increased its stake in shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) by 27.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 658,181 shares of the financial services provider’s stock after acquiring an additional 143,447 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Nuveen Select Tax-Free Income Portfolio were worth $9,945,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of NXP. Commonwealth Equity Services LLC increased its position in shares of Nuveen Select Tax-Free Income Portfolio by 26.3% during 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 during the period. International Assets Investment Management LLC boosted its stake in Nuveen Select Tax-Free Income Portfolio by 1,422.3% in the third quarter. International Assets Investment Management LLC now owns 81,258 shares of the financial services provider’s stock worth $1,228,000 after buying an additional 75,920 shares in the last quarter. Truist Financial Corp boosted its stake in Nuveen Select Tax-Free Income Portfolio by 4.9% in the second 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 in the last quarter. Silver Lake Advisory LLC purchased a new stake in Nuveen Select Tax-Free Income Portfolio in the second quarter worth approximately $631,000. Finally, Breakwater Capital Group boosted its stake 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 buying an additional 23,088 shares in the last quarter. Institutional investors own 16.17% of the company’s stock.

Nuveen Select Tax-Free Income Portfolio Stock Down 0.1 %

Shares of NXP opened at $14.94 on Thursday. The stock has a 50 day simple moving average of $14.98 and a two-hundred day simple moving average of $14.59. Nuveen Select Tax-Free Income Portfolio has a 1 year low of $13.00 and a 1 year high of $15.25.

Nuveen Select Tax-Free Income Portfolio Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be paid a dividend of $0.052 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date is Tuesday, October 15th.

Nuveen Select Tax-Free Income Portfolio 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.