Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) Stock Price Passes Below Two Hundred Day Moving Average of $14.29

Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.29 and traded as low as $13.92. Nuveen Select Tax-Free Income Portfolio shares last traded at $14.03, with a volume of 64,482 shares.

Nuveen Select Tax-Free Income Portfolio Trading Down 0.1 %

The company’s 50-day moving average price is $14.38 and its 200 day moving average price is $14.29.

Nuveen Select Tax-Free Income Portfolio Announces Dividend

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

Hedge Funds Weigh In On Nuveen Select Tax-Free Income Portfolio

Several large investors have recently modified their holdings of the business. UBS Group AG raised its holdings in Nuveen Select Tax-Free Income Portfolio by 6.5% in the 3rd quarter. UBS Group AG now owns 1,579,000 shares of the financial services provider’s stock valued at $21,001,000 after buying an additional 96,024 shares during the period. Breakwater Capital Group purchased a new stake in shares of Nuveen Select Tax-Free Income Portfolio in the 3rd quarter valued at approximately $168,000. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Nuveen Select Tax-Free Income Portfolio by 11.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 195,405 shares of the financial services provider’s stock worth $2,888,000 after acquiring an additional 19,595 shares during the last quarter. Stratos Wealth Partners LTD. boosted its position in shares of Nuveen Select Tax-Free Income Portfolio by 8.8% during the 4th 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 period. Finally, Raymond James & Associates boosted its position in shares of Nuveen Select Tax-Free Income Portfolio by 3.1% during the 4th quarter. Raymond James & Associates now owns 144,877 shares of the financial services provider’s stock worth $2,141,000 after purchasing an additional 4,359 shares during the period. Institutional investors and hedge funds own 16.17% of the company’s stock.

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.