Broyhill Asset Management Takes Position in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP)

Broyhill Asset Management bought a new position in shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 52,807 shares of the financial services provider’s stock, valued at approximately $800,000.

Other hedge funds also recently modified their holdings of the company. B. Riley Wealth Advisors Inc. raised its stake in shares of Nuveen Select Tax-Free Income Portfolio by 70.0% in the third quarter. B. Riley Wealth Advisors Inc. now owns 36,543 shares of the financial services provider’s stock worth $554,000 after purchasing an additional 15,046 shares during the last quarter. AdvisorNet Financial Inc grew its holdings in Nuveen Select Tax-Free Income Portfolio by 8.2% during the fourth quarter. AdvisorNet Financial Inc now owns 56,960 shares of the financial services provider’s stock valued at $863,000 after purchasing an additional 4,325 shares during the period. Breakwater Capital Group increased its position in Nuveen Select Tax-Free Income Portfolio by 5.2% in the fourth quarter. Breakwater Capital Group now owns 44,563 shares of the financial services provider’s stock worth $675,000 after buying an additional 2,200 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in shares of Nuveen Select Tax-Free Income Portfolio by 45.3% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 956,400 shares of the financial services provider’s stock valued at $14,489,000 after buying an additional 298,219 shares during the period. Finally, Capital Advisors Wealth Management LLC lifted its position in shares of Nuveen Select Tax-Free Income Portfolio by 31.4% during the 4th quarter. Capital Advisors Wealth Management LLC now owns 26,756 shares of the financial services provider’s stock valued at $405,000 after buying an additional 6,390 shares during the last quarter. Institutional investors own 16.17% of the company’s stock.

Nuveen Select Tax-Free Income Portfolio Price Performance

Shares of NXP opened at $13.62 on Monday. Nuveen Select Tax-Free Income Portfolio has a fifty-two week low of $13.30 and a fifty-two week high of $15.25. The business has a 50-day moving average of $14.45 and a 200 day moving average of $14.70.

Nuveen Select Tax-Free Income Portfolio Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be issued a $0.052 dividend. This represents a $0.62 annualized dividend and a yield of 4.58%. The ex-dividend date is Tuesday, April 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.