Financial Enhancement Group LLC boosted its position in Nuveen Select Tax Free Income Portfolio (NYSE:NXP) by 19.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,721 shares of the financial services provider’s stock after acquiring an additional 2,223 shares during the quarter. Financial Enhancement Group LLC’s holdings in Nuveen Select Tax Free Income Portfolio were worth $197,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Ameriprise Financial Inc. purchased a new position in Nuveen Select Tax Free Income Portfolio in the second quarter worth approximately $205,000. Private Advisor Group LLC acquired a new position in Nuveen Select Tax Free Income Portfolio during the 2nd quarter worth approximately $143,000. Van ECK Associates Corp grew its holdings in Nuveen Select Tax Free Income Portfolio by 15.9% during the 2nd quarter. Van ECK Associates Corp now owns 44,746 shares of the financial services provider’s stock worth $643,000 after acquiring an additional 6,142 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Nuveen Select Tax Free Income Portfolio by 6.4% in the 2nd quarter. Wells Fargo & Company MN now owns 62,479 shares of the financial services provider’s stock valued at $898,000 after purchasing an additional 3,743 shares during the last quarter. Finally, Tortoise Investment Management LLC increased its position in shares of Nuveen Select Tax Free Income Portfolio by 2.2% in the 2nd quarter. Tortoise Investment Management LLC now owns 141,739 shares of the financial services provider’s stock valued at $2,038,000 after purchasing an additional 3,000 shares during the last quarter. 9.57% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Nuveen Select Tax Free Income Portfolio (NXP) traded up 0.20% during midday trading on Tuesday, hitting $14.88. 4,790 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $14.83 and its 200-day moving average is $14.47. Nuveen Select Tax Free Income Portfolio has a 1-year low of $13.50 and a 1-year high of $15.32.

The company also recently disclosed a monthly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 15th were given a $0.0455 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.55 dividend on an annualized basis and a yield of 3.68%.

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Nuveen Select Tax Free Income Portfolio Profile

Nuveen Select Tax-Free Income Portfolio is a diversified closed-end management investment company. The Fund’s investment objective is that it seeks to provide current income and stable dividends, exempt from regular federal and designated state income taxes, where applicable, consistent with the preservation of capital by investing primarily in a portfolio of municipal obligations.

Institutional Ownership by Quarter for Nuveen Select Tax Free Income Portfolio (NYSE:NXP)

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