Melfa Wealth Management Inc. Reduces Stake in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP)

Melfa Wealth Management Inc. cut its stake in shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) by 9.9% during the fourth quarter, HoldingsChannel reports. The firm owned 90,037 shares of the financial services provider’s stock after selling 9,843 shares during the quarter. Nuveen Select Tax-Free Income Portfolio comprises 0.9% of Melfa Wealth Management Inc.’s holdings, making the stock its 25th largest position. Melfa Wealth Management Inc.’s holdings in Nuveen Select Tax-Free Income Portfolio were worth $1,364,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of NXP. Icon Wealth Advisors LLC purchased a new stake in Nuveen Select Tax-Free Income Portfolio in the 3rd quarter worth about $32,000. Breakwater Capital Group raised its holdings in shares of Nuveen Select Tax-Free Income Portfolio by 5.2% in the fourth quarter. Breakwater Capital Group now owns 44,563 shares of the financial services provider’s stock worth $675,000 after buying an additional 2,200 shares during the period. Truist Financial Corp lifted its stake in shares of Nuveen Select Tax-Free Income Portfolio by 4.9% during the 2nd quarter. Truist Financial Corp now owns 58,584 shares of the financial services provider’s stock worth $849,000 after acquiring an additional 2,715 shares during the last quarter. AdvisorNet Financial Inc grew its position in Nuveen Select Tax-Free Income Portfolio by 8.2% in the 4th 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 during the last quarter. Finally, Capital Advisors Wealth Management LLC increased its stake 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 period. 16.17% of the stock is owned by institutional investors.

Nuveen Select Tax-Free Income Portfolio Trading Down 0.2 %

NYSE:NXP opened at $14.83 on Wednesday. The stock has a fifty day simple moving average of $14.80 and a 200-day simple moving average of $14.83. Nuveen Select Tax-Free Income Portfolio has a twelve month low of $13.79 and a twelve month high of $15.25.

Nuveen Select Tax-Free Income Portfolio Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be given a $0.052 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.62 annualized dividend and a yield of 4.21%.

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.