WealthBridge Capital Management LLC Reduces Stock Position in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP)

WealthBridge Capital Management LLC reduced its holdings in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) by 3.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 20,037 shares of the financial services provider’s stock after selling 689 shares during the period. WealthBridge Capital Management LLC’s holdings in Nuveen Select Tax-Free Income Portfolio were worth $304,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Global Retirement Partners LLC purchased a new position in shares of Nuveen Select Tax-Free Income Portfolio in the 4th quarter worth $27,000. Truist Financial Corp grew its stake in shares of Nuveen Select Tax-Free Income Portfolio by 2.2% in the 4th quarter. Truist Financial Corp now owns 60,684 shares of the financial services provider’s stock worth $919,000 after buying an additional 1,300 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Nuveen Select Tax-Free Income Portfolio by 2.4% in the 4th quarter. Van ECK Associates Corp now owns 207,378 shares of the financial services provider’s stock worth $3,142,000 after buying an additional 4,815 shares in the last quarter. Visionary Horizons LLC grew its stake in shares of Nuveen Select Tax-Free Income Portfolio by 21.2% in the 4th quarter. Visionary Horizons LLC now owns 16,570 shares of the financial services provider’s stock worth $251,000 after buying an additional 2,895 shares in the last quarter. Finally, Stratos Wealth Partners LTD. grew its stake in shares of Nuveen Select Tax-Free Income Portfolio by 13.2% in the 4th quarter. Stratos Wealth Partners LTD. now owns 48,207 shares of the financial services provider’s stock worth $730,000 after buying an additional 5,609 shares in the last quarter. 16.17% of the stock is owned by hedge funds and other institutional investors.

Nuveen Select Tax-Free Income Portfolio Stock Up 0.4 %

NXP stock opened at $14.68 on Thursday. Nuveen Select Tax-Free Income Portfolio has a 12 month low of $13.79 and a 12 month high of $15.25. The company has a 50-day moving average price of $14.84 and a 200 day moving average price of $14.86.

Nuveen Select Tax-Free Income Portfolio Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be issued a dividend of $0.052 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.62 annualized dividend and a yield of 4.25%.

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.