Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) Shares Pass Above 50-Day Moving Average – Time to Sell?

Nuveen Select Tax-Free Income Portfolio (NYSE:NXP)’s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $14.85 and traded as high as $14.94. Nuveen Select Tax-Free Income Portfolio shares last traded at $14.63, with a volume of 128,371 shares traded.

Nuveen Select Tax-Free Income Portfolio Price Performance

The company has a 50-day simple moving average of $14.85 and a 200 day simple moving average of $14.87.

Nuveen Select Tax-Free Income Portfolio Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be paid a $0.052 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.62 dividend on an annualized basis and a yield of 4.27%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NXP. International Assets Investment Management LLC raised its holdings in shares of Nuveen Select Tax-Free Income Portfolio by 1,422.3% during the 3rd quarter. International Assets Investment Management LLC now owns 81,258 shares of the financial services provider’s stock worth $1,228,000 after acquiring an additional 75,920 shares during the period. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Nuveen Select Tax-Free Income Portfolio by 45.3% during the 4th 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. AdvisorNet Financial Inc raised its holdings in shares of Nuveen Select Tax-Free Income Portfolio by 8.2% during the 4th quarter. AdvisorNet Financial Inc now owns 56,960 shares of the financial services provider’s stock worth $863,000 after acquiring an additional 4,325 shares during the period. Blake Schutter Theil Wealth Advisors LLC purchased a new position in shares of Nuveen Select Tax-Free Income Portfolio during the 3rd quarter worth $439,000. Finally, B. Riley Wealth Advisors Inc. raised its holdings 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 valued at $554,000 after buying an additional 15,046 shares during the period. Hedge funds and other institutional investors own 16.17% of the company’s stock.

Nuveen Select Tax-Free Income Portfolio Company 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.