Raymond James & Associates Acquires 4,359 Shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP)

Raymond James & Associates raised its stake in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 144,877 shares of the financial services provider’s stock after buying an additional 4,359 shares during the period. Raymond James & Associates owned about 0.31% of Nuveen Select Tax-Free Income Portfolio worth $2,141,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NXP. Stifel Financial Corp raised its stake in shares of Nuveen Select Tax-Free Income Portfolio by 1.5% during the second quarter. Stifel Financial Corp now owns 55,706 shares of the financial services provider’s stock worth $803,000 after acquiring an additional 814 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in Nuveen Select Tax-Free Income Portfolio by 26.9% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 6,781 shares of the financial services provider’s stock worth $97,000 after purchasing an additional 1,438 shares during the period. Captrust Financial Advisors raised its position in Nuveen Select Tax-Free Income Portfolio by 2.5% in the 2nd quarter. Captrust Financial Advisors now owns 62,455 shares of the financial services provider’s stock worth $900,000 after purchasing an additional 1,530 shares during the period. NBC Securities Inc. bought a new stake in Nuveen Select Tax-Free Income Portfolio in the third quarter worth $26,000. Finally, Ancora Advisors LLC boosted its position in Nuveen Select Tax-Free Income Portfolio by 9.9% during the third quarter. Ancora Advisors LLC now owns 24,182 shares of the financial services provider’s stock valued at $322,000 after buying an additional 2,179 shares during the period. 16.17% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen Select Tax-Free Income Portfolio Stock Up 0.6 %

Shares of NYSE:NXP opened at $13.99 on Wednesday. The stock’s 50-day moving average price is $14.50 and its 200-day moving average price is $14.26. Nuveen Select Tax-Free Income Portfolio has a 12-month low of $12.91 and a 12-month high of $14.89.

Nuveen Select Tax-Free Income Portfolio Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be given a dividend of $0.0485 per share. The ex-dividend date is Friday, April 12th. This represents a $0.58 annualized dividend and a yield of 4.16%.

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.