Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $13.63 and last traded at $13.68, with a volume of 300 shares. The stock had previously closed at $13.70.

The company also recently announced a monthly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Thursday, November 15th will be given a $0.0455 dividend. The ex-dividend date is Wednesday, November 14th. This represents a $0.55 annualized dividend and a dividend yield of 3.99%.

Several institutional investors and hedge funds have recently modified their holdings of the company. Stratos Wealth Partners LTD. acquired a new position in Nuveen Select Tax-Free Income Portfolio during the 3rd quarter valued at approximately $132,000. First Trust Advisors LP acquired a new position in Nuveen Select Tax-Free Income Portfolio during the 2nd quarter valued at approximately $228,000. Cambridge Investment Research Advisors Inc. boosted its position in Nuveen Select Tax-Free Income Portfolio by 22.8% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 24,569 shares of the financial services provider’s stock valued at $342,000 after purchasing an additional 4,560 shares during the period. Private Advisor Group LLC acquired a new position in Nuveen Select Tax-Free Income Portfolio during the 2nd quarter valued at approximately $427,000. Finally, PNC Financial Services Group Inc. boosted its position in Nuveen Select Tax-Free Income Portfolio by 332.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 41,508 shares of the financial services provider’s stock valued at $593,000 after purchasing an additional 31,900 shares during the period. Institutional investors own 11.74% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Nuveen Select Tax-Free Income Portfolio (NXP) Hits New 12-Month Low at $13.63” was first published by Daily Political and is owned by of Daily Political. If you are accessing this piece of content on another domain, it was stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece of content can be viewed at https://www.dailypolitical.com/2018/11/21/nuveen-select-tax-free-income-portfolio-nxp-hits-new-12-month-low-at-13-63.html.

About Nuveen Select Tax-Free Income Portfolio (NYSE:NXP)

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.

Read More: What factors cause inflation to rise?

Receive News & Ratings for Nuveen Select Tax-Free Income Portfolio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuveen Select Tax-Free Income Portfolio and related companies with MarketBeat.com's FREE daily email newsletter.