Lynx Investment Advisory Invests $85,000 in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP)

Lynx Investment Advisory purchased a new position in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,845 shares of the financial services provider’s stock, valued at approximately $85,000.

Other hedge funds have also recently made changes to their positions in the company. Tyche Wealth Partners LLC bought a new position in Nuveen Select Tax-Free Income Portfolio during the 4th quarter worth about $151,000. Capital Advisors Wealth Management LLC purchased a new position in shares of Nuveen Select Tax-Free Income Portfolio in the 1st quarter valued at approximately $151,000. B. Riley Wealth Advisors Inc. raised its position in Nuveen Select Tax-Free Income Portfolio by 11.7% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 11,925 shares of the financial services provider’s stock worth $176,000 after buying an additional 1,252 shares during the last quarter. Wealthcare Advisory Partners LLC raised its position in Nuveen Select Tax-Free Income Portfolio by 26.9% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 12,688 shares of the financial services provider’s stock worth $183,000 after buying an additional 2,688 shares during the last quarter. Finally, Breakwater Capital Group raised its position in Nuveen Select Tax-Free Income Portfolio by 18.0% during the 4th quarter. Breakwater Capital Group now owns 14,919 shares of the financial services provider’s stock worth $217,000 after buying an additional 2,281 shares during the last quarter. 16.17% of the stock is currently owned by institutional investors.

Nuveen Select Tax-Free Income Portfolio Stock Performance

NXP traded down $0.01 during trading on Tuesday, reaching $14.75. 66,186 shares of the company’s stock were exchanged, compared to its average volume of 77,000. Nuveen Select Tax-Free Income Portfolio has a 1 year low of $12.91 and a 1 year high of $14.93. The company’s fifty day simple moving average is $14.50 and its 200-day simple moving average is $14.43.

Nuveen Select Tax-Free Income Portfolio Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th will be given a dividend of $0.052 per share. This represents a $0.62 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date of this dividend is Thursday, August 15th.

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.