Ownership Action Alert: Nuveen Select Tax Free Income Portfolio 2 (NYSE:NXQ) Institutional Investors Sentiment Index Worsens in Q2 2016

November 16, 2016 - By kentuckypostne   ·   0 Comments

Ownership Action Alert: Nuveen Select Tax Free Income Portfolio 2 (NYSE:NXQ) Institutional Investors Sentiment Index  Worsens in  Q2 2016

Sentiment for Nuveen Select Tax Free Income Portfolio 2 (NYSE:NXQ)

Nuveen Select Tax Free Income Portfolio 2 (NYSE:NXQ) institutional sentiment increased to 0.83 in Q2 2016. Its up 0.25, from 0.58 in 2016Q1. The ratio has improved, as 10 investment professionals opened new and increased stock positions, while 12 sold and reduced stakes in Nuveen Select Tax Free Income Portfolio 2. The investment professionals in our partner’s database reported: 991,810 shares, down from 1.09 million shares in 2016Q1. Also, the number of investment professionals holding Nuveen Select Tax Free Income Portfolio 2 in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 6 Reduced: 6 Increased: 8 New Position: 2.

Nuveen Select Tax-Free Income Portfolio 2 is a diversified closed-end management investment company. The company has a market cap of $240.21 million. 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. It currently has negative earnings. The Fund’s portfolio composition includes various sectors, such as tax obligation/limited, tax obligation/general, healthcare, transportation, consumer staples, the United States guaranteed and Other.

The stock increased 0.67% or $0.09 on November 15, hitting $13.5. Nuveen Select Tax Free Incom Portfolio 2 (NYSE:NXQ) has declined 5.26% since April 14, 2016 and is downtrending. It has underperformed by 9.95% the S&P500.

Tortoise Investment Management Llc holds 0.34% of its portfolio in Nuveen Select Tax Free Incom Portfolio 2 for 65,689 shares. Dixon Hubard Feinour & Brown Inc Va owns 11,933 shares or 0.06% of their US portfolio. Moreover, Capital Investment Advisors Llc has 0.03% invested in the company for 17,915 shares. The Washington-based Tradewinds Capital Management Llc has invested 0.03% in the stock. Raymond James Trust N.A., a Florida-based fund reported 14,866 shares.#img1#

NXQ Company Profile

Nuveen Select Tax-Free Income Portfolio 2 (the Fund) is a closed-end diversified management investment company. The Fund invests substantially all of its assets in a diversified portfolio of long-term, investment-grade quality municipal obligations. The Fund may invest up to 20% of its assets in unrated municipal obligations.

More notable recent Nuveen Select Tax Free Incom Portfolio 2 (NYSE:NXQ) news were published by: Businesswire.com which released: “Nuveen Announces Update to Closed-End Fund Portfolio Management Team” on May 26, 2016, also Businesswire.com with their article: “Nuveen Announces Results of Closed-End Fund Shareholder Meetings” published on August 19, 2014, 247Wallst.com published: “UBS Highlights Top Tax-Free Closed-End Municipal Bond Funds to Own (NUV, NXR …” on March 29, 2013. More interesting news about Nuveen Select Tax Free Incom Portfolio 2 (NYSE:NXQ) were released by: Businesswire.com and their article: “Nuveen Closed-End Funds Declare Distributions” published on September 30, 2016 as well as Benzinga.com‘s news article titled: “Citi Analysts: ON Shouldn’t Sweat NXP’s Standard Products Sale” with publication date: June 15, 2016.

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