Flputnam Investment Management Co. Decreases Stake in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP)

Flputnam Investment Management Co. reduced its holdings in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) by 30.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,466 shares of the financial services provider’s stock after selling 26,364 shares during the period. Flputnam Investment Management Co. owned approximately 0.13% of Nuveen Select Tax-Free Income Portfolio worth $894,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Stifel Financial Corp lifted its stake in shares of Nuveen Select Tax-Free Income Portfolio by 1.5% in the second quarter. Stifel Financial Corp now owns 55,706 shares of the financial services provider’s stock worth $803,000 after buying an additional 814 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in Nuveen Select Tax-Free Income Portfolio by 26.9% during the first quarter. Steward Partners Investment Advisory LLC now owns 6,781 shares of the financial services provider’s stock worth $97,000 after purchasing an additional 1,438 shares during the last quarter. Captrust Financial Advisors increased its position in Nuveen Select Tax-Free Income Portfolio by 2.5% during the second quarter. Captrust Financial Advisors now owns 62,455 shares of the financial services provider’s stock worth $900,000 after purchasing an additional 1,530 shares during the last quarter. Stratos Wealth Partners LTD. increased its position in Nuveen Select Tax-Free Income Portfolio by 8.8% during the fourth quarter. Stratos Wealth Partners LTD. now owns 23,933 shares of the financial services provider’s stock worth $354,000 after purchasing an additional 1,930 shares during the last quarter. Finally, NBC Securities Inc. acquired a new stake in Nuveen Select Tax-Free Income Portfolio during the third quarter worth about $26,000. 16.17% of the stock is owned by hedge funds and other institutional investors.

Nuveen Select Tax-Free Income Portfolio Stock Performance

Nuveen Select Tax-Free Income Portfolio stock opened at $14.04 on Thursday. Nuveen Select Tax-Free Income Portfolio has a 12-month low of $12.91 and a 12-month high of $14.89. The company has a 50-day moving average price of $14.48 and a 200 day moving average price of $14.27.

Nuveen Select Tax-Free Income Portfolio Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be given a dividend of $0.0485 per share. This represents a $0.58 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date is Friday, April 12th.

Nuveen Select Tax-Free Income Portfolio Company 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.