Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp lifted its stake in shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) by 15.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 257,980 shares of the financial services provider’s stock after acquiring an additional 34,173 shares during the quarter. Van ECK Associates Corp owned about 0.55% of Nuveen Select Tax-Free Income Portfolio worth $3,813,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. NBC Securities Inc. acquired a new position in shares of Nuveen Select Tax-Free Income Portfolio during the third quarter valued at approximately $26,000. Wolverine Asset Management LLC bought a new stake in Nuveen Select Tax-Free Income Portfolio during the third quarter worth approximately $38,000. McGlone Suttner Wealth Management Inc. bought a new stake in Nuveen Select Tax-Free Income Portfolio during the fourth quarter worth approximately $78,000. Tyche Wealth Partners LLC bought a new stake in Nuveen Select Tax-Free Income Portfolio during the fourth quarter worth approximately $151,000. Finally, Breakwater Capital Group bought a new stake in Nuveen Select Tax-Free Income Portfolio during the third quarter worth approximately $168,000. Institutional investors and hedge funds own 16.17% of the company’s stock.

Nuveen Select Tax-Free Income Portfolio Stock Performance

Shares of NYSE:NXP opened at $14.21 on Monday. Nuveen Select Tax-Free Income Portfolio has a 1-year low of $12.91 and a 1-year high of $14.89. The company has a 50 day moving average price of $14.35 and a 200 day moving average price of $14.31.

Nuveen Select Tax-Free Income Portfolio Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be issued a dividend of $0.0485 per share. This represents a $0.58 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date is Tuesday, May 14th.

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.