Avior Wealth Management LLC Invests $362,000 in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP)

Avior Wealth Management LLC purchased a new position in shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 24,500 shares of the financial services provider’s stock, valued at approximately $362,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. NBC Securities Inc. purchased a new position in shares of Nuveen Select Tax-Free Income Portfolio during the third quarter worth $26,000. Wolverine Asset Management LLC purchased a new position in shares of Nuveen Select Tax-Free Income Portfolio during the third quarter worth $38,000. Sunbelt Securities Inc. acquired a new stake in shares of Nuveen Select Tax-Free Income Portfolio in the first quarter valued at $57,000. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Nuveen Select Tax-Free Income Portfolio in the fourth quarter valued at $78,000. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of Nuveen Select Tax-Free Income Portfolio by 42.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,343 shares of the financial services provider’s stock valued at $74,000 after acquiring an additional 1,592 shares in the last quarter. 16.17% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen Select Tax-Free Income Portfolio Trading Up 0.1 %

Shares of NYSE NXP opened at $14.02 on Friday. Nuveen Select Tax-Free Income Portfolio has a 12-month low of $12.91 and a 12-month high of $14.89. The business’s fifty day simple moving average is $14.47 and its 200-day simple moving average is $14.26.

Nuveen Select Tax-Free Income Portfolio Announces Dividend

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

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.