Flputnam Investment Management Co. Sells 26,364 Shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP)

Flputnam Investment Management Co. lowered its stake in shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) by 30.4% in the fourth quarter, Holdings Channel reports. The firm owned 60,466 shares of the financial services provider’s stock after selling 26,364 shares during the period. Flputnam Investment Management Co.’s holdings in Nuveen Select Tax-Free Income Portfolio were worth $894,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. NBC Securities Inc. acquired a new position in shares of Nuveen Select Tax-Free Income Portfolio during the third quarter worth approximately $26,000. Wolverine Asset Management LLC acquired a new position in shares of Nuveen Select Tax-Free Income Portfolio during the third quarter worth approximately $38,000. Sunbelt Securities Inc. acquired a new position in shares of Nuveen Select Tax-Free Income Portfolio during the first quarter worth approximately $57,000. International Assets Investment Management LLC acquired a new position in shares of Nuveen Select Tax-Free Income Portfolio in the third quarter valued at $69,000. 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 purchasing an additional 1,592 shares in the last quarter. Institutional investors own 16.17% of the company’s stock.

Nuveen Select Tax-Free Income Portfolio Stock Performance

Shares of NYSE NXP opened at $14.04 on Thursday. The business has a fifty day simple moving average of $14.48 and a 200 day simple moving average of $14.27. Nuveen Select Tax-Free Income Portfolio has a one year low of $12.91 and a one year high of $14.89.

Nuveen Select Tax-Free Income Portfolio Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be paid 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 dividend yield of 4.15%.

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.