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

Stifel Financial Corp lowered its holdings in shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) by 16.2% during the third quarter, HoldingsChannel.com reports. The firm owned 32,753 shares of the financial services provider’s stock after selling 6,338 shares during the period. Stifel Financial Corp’s holdings in Nuveen Select Tax-Free Income Portfolio were worth $495,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Icon Wealth Advisors LLC purchased a new position in shares of Nuveen Select Tax-Free Income Portfolio during the 3rd quarter valued at approximately $32,000. Wolverine Asset Management LLC raised its position in Nuveen Select Tax-Free Income Portfolio by 19.0% during the second quarter. Wolverine Asset Management LLC now owns 5,305 shares of the financial services provider’s stock worth $77,000 after acquiring an additional 848 shares during the period. International Assets Investment Management LLC purchased a new position in Nuveen Select Tax-Free Income Portfolio during the second quarter valued at $77,000. Rothschild Investment LLC purchased a new position in Nuveen Select Tax-Free Income Portfolio during the second quarter valued at $126,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Nuveen Select Tax-Free Income Portfolio in the second quarter valued at about $161,000. 16.17% of the stock is owned by institutional investors and hedge funds.

Nuveen Select Tax-Free Income Portfolio Price Performance

NXP stock opened at $14.86 on Friday. Nuveen Select Tax-Free Income Portfolio has a 52 week low of $13.79 and a 52 week high of $15.25. The firm has a 50-day simple moving average of $14.77 and a 200-day simple moving average of $14.77.

Nuveen Select Tax-Free Income Portfolio Announces Dividend

The company 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. The ex-dividend date is Friday, December 13th. This represents a $0.62 annualized dividend and a yield of 4.20%.

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.