Hennion & Walsh Asset Management Inc. Purchases 298,219 Shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP)

Hennion & Walsh Asset Management Inc. raised its holdings in shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) by 45.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 956,400 shares of the financial services provider’s stock after purchasing an additional 298,219 shares during the quarter. Nuveen Select Tax-Free Income Portfolio accounts for about 0.7% of Hennion & Walsh Asset Management Inc.’s portfolio, making the stock its 25th largest position. Hennion & Walsh Asset Management Inc. owned about 2.04% of Nuveen Select Tax-Free Income Portfolio worth $14,489,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in NXP. Icon Wealth Advisors LLC purchased a new stake in Nuveen Select Tax-Free Income Portfolio during the 3rd quarter valued at $32,000. Sanctuary Advisors LLC purchased a new stake in Nuveen Select Tax-Free Income Portfolio in the 2nd quarter worth about $161,000. Bank of New York Mellon Corp bought a new stake in Nuveen Select Tax-Free Income Portfolio in the second quarter worth about $249,000. B. Riley Wealth Advisors Inc. boosted its position in shares of Nuveen Select Tax-Free Income Portfolio by 101.4% during the second quarter. B. Riley Wealth Advisors Inc. now owns 21,497 shares of the financial services provider’s stock valued at $313,000 after buying an additional 10,824 shares during the period. Finally, Blake Schutter Theil Wealth Advisors LLC bought a new position in shares of Nuveen Select Tax-Free Income Portfolio during the third quarter valued at approximately $439,000. 16.17% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen Select Tax-Free Income Portfolio Price Performance

Shares of NXP stock opened at $14.80 on Thursday. The stock has a 50 day moving average price of $14.79 and a 200 day moving average price of $14.82. 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 Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 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 4.22%. The ex-dividend date is Wednesday, January 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.