Summit Financial Wealth Advisors LLC Makes New Investment in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP)

Summit Financial Wealth Advisors LLC bought a new stake in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 21,212 shares of the financial services provider’s stock, valued at approximately $316,000.

A number of other large investors also recently made changes to their positions in NXP. B. Riley Wealth Advisors Inc. grew its position in Nuveen Select Tax-Free Income Portfolio by 70.0% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 36,543 shares of the financial services provider’s stock worth $554,000 after purchasing an additional 15,046 shares in the last quarter. AdvisorNet Financial Inc grew its holdings in shares of Nuveen Select Tax-Free Income Portfolio by 8.2% in the fourth quarter. AdvisorNet Financial Inc now owns 56,960 shares of the financial services provider’s stock valued at $863,000 after acquiring an additional 4,325 shares in the last quarter. Breakwater Capital Group increased its position in shares of Nuveen Select Tax-Free Income Portfolio by 5.2% during the fourth quarter. Breakwater Capital Group now owns 44,563 shares of the financial services provider’s stock valued at $675,000 after acquiring an additional 2,200 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in Nuveen Select Tax-Free Income Portfolio by 45.3% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 956,400 shares of the financial services provider’s stock worth $14,489,000 after acquiring an additional 298,219 shares during the period. Finally, Capital Advisors Wealth Management LLC boosted its position in Nuveen Select Tax-Free Income Portfolio by 31.4% in the fourth quarter. Capital Advisors Wealth Management LLC now owns 26,756 shares of the financial services provider’s stock worth $405,000 after purchasing an additional 6,390 shares during the last quarter. 16.17% of the stock is owned by institutional investors.

Nuveen Select Tax-Free Income Portfolio Stock Up 0.1 %

NYSE:NXP traded up $0.01 during trading on Thursday, reaching $13.77. The company’s stock had a trading volume of 33,468 shares, compared to its average volume of 87,436. Nuveen Select Tax-Free Income Portfolio has a 12 month low of $13.30 and a 12 month high of $15.25. The firm has a 50 day moving average of $14.50 and a 200-day moving average of $14.72.

Nuveen Select Tax-Free Income Portfolio Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be issued a dividend of $0.052 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.62 dividend on an annualized basis and a yield of 4.53%.

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.