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) shares 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 changing hands.

Nuveen Select Tax-Free Income Portfolio Price Performance

The firm’s fifty day moving average is $14.85 and its 200-day moving average is $14.87.

Nuveen Select Tax-Free Income Portfolio Dividend Announcement

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

Hedge Funds Weigh In On Nuveen Select Tax-Free Income Portfolio

Institutional investors and hedge funds have recently made changes to their positions in the stock. Global Retirement Partners LLC acquired a new position in shares of Nuveen Select Tax-Free Income Portfolio during the fourth quarter worth about $27,000. Icon Wealth Advisors LLC purchased a new stake in Nuveen Select Tax-Free Income Portfolio during the third quarter worth approximately $32,000. Flagship Wealth Advisors LLC purchased a new stake in Nuveen Select Tax-Free Income Portfolio during the fourth quarter worth approximately $47,000. Visionary Horizons LLC lifted its stake in Nuveen Select Tax-Free Income Portfolio by 21.2% during the fourth quarter. Visionary Horizons LLC now owns 16,570 shares of the financial services provider’s stock worth $251,000 after purchasing an additional 2,895 shares during the last quarter. Finally, Summit Financial Wealth Advisors LLC purchased a new stake in Nuveen Select Tax-Free Income Portfolio during the fourth quarter worth approximately $316,000. 16.17% of the stock is owned by institutional investors and hedge funds.

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.