Breakwater Capital Group Has $675,000 Position in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP)

Breakwater Capital Group grew its stake in shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) by 5.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 44,563 shares of the financial services provider’s stock after acquiring an additional 2,200 shares during the quarter. Breakwater Capital Group’s holdings in Nuveen Select Tax-Free Income Portfolio were worth $675,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of NXP. Icon Wealth Advisors LLC bought a new position in Nuveen Select Tax-Free Income Portfolio in the 3rd quarter valued at about $32,000. Sanctuary Advisors LLC bought a new stake in shares of Nuveen Select Tax-Free Income Portfolio during the 2nd quarter worth approximately $161,000. Bank of New York Mellon Corp bought a new position in Nuveen Select Tax-Free Income Portfolio in the second quarter valued at approximately $249,000. B. Riley Wealth Advisors Inc. raised its position in Nuveen Select Tax-Free Income Portfolio by 101.4% during the second quarter. B. Riley Wealth Advisors Inc. now owns 21,497 shares of the financial services provider’s stock valued at $313,000 after purchasing an additional 10,824 shares in the last quarter. Finally, Blake Schutter Theil Wealth Advisors LLC bought a new stake in Nuveen Select Tax-Free Income Portfolio during the third quarter worth $439,000. 16.17% of the stock is owned by institutional investors and hedge funds.

Nuveen Select Tax-Free Income Portfolio Stock Down 0.6 %

NYSE:NXP opened at $14.75 on Tuesday. Nuveen Select Tax-Free Income Portfolio has a twelve month low of $13.79 and a twelve month high of $15.25. The stock’s 50-day simple moving average is $14.79 and its 200 day simple moving average is $14.82.

Nuveen Select Tax-Free Income Portfolio Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be paid a dividend of $0.052 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date is Wednesday, January 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.