Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp lowered its holdings in shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) by 12.9% in the third quarter, Holdings Channel reports. The firm owned 13,486 shares of the financial services provider’s stock after selling 2,000 shares during the quarter. King Luther Capital Management Corp’s holdings in Nuveen Select Tax-Free Income Portfolio were worth $204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the business. International Assets Investment Management LLC purchased a new position in shares of Nuveen Select Tax-Free Income Portfolio in the 2nd quarter valued at approximately $77,000. Wolverine Asset Management LLC grew its position in Nuveen Select Tax-Free Income Portfolio by 19.0% in the 2nd quarter. Wolverine Asset Management LLC now owns 5,305 shares of the financial services provider’s stock valued at $77,000 after buying an additional 848 shares during the last quarter. Lynx Investment Advisory acquired a new position in Nuveen Select Tax-Free Income Portfolio in the 2nd quarter valued at $85,000. Rothschild Investment LLC purchased a new position in Nuveen Select Tax-Free Income Portfolio during the 2nd quarter worth $126,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Nuveen Select Tax-Free Income Portfolio in the 2nd quarter worth $161,000. Institutional investors and hedge funds own 16.17% of the company’s stock.

Nuveen Select Tax-Free Income Portfolio Stock Down 0.8 %

Shares of NYSE:NXP opened at $14.56 on Monday. Nuveen Select Tax-Free Income Portfolio has a fifty-two week low of $13.79 and a fifty-two week high of $15.25. The firm’s 50-day simple moving average is $14.87 and its 200-day simple moving average is $14.68.

Nuveen Select Tax-Free Income Portfolio Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a dividend of $0.052 per share. This represents a $0.62 annualized dividend and a yield of 4.29%. The ex-dividend date of this dividend is Friday, November 15th.

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.