Raymond James Financial Services Advisors Inc. Raises Stake in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP)

Raymond James Financial Services Advisors Inc. lifted its position in shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP – Get Rating) by 36.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 170,748 shares of the financial services provider’s stock after buying an additional 45,294 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Nuveen Select Tax-Free Income Portfolio were worth $2,227,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. SeaCrest Wealth Management LLC purchased a new stake in shares of Nuveen Select Tax-Free Income Portfolio during the second quarter worth about $44,000. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Nuveen Select Tax-Free Income Portfolio during the second quarter worth about $81,000. Cohen & Steers Inc. acquired a new stake in shares of Nuveen Select Tax-Free Income Portfolio in the first quarter worth approximately $144,000. Onyx Bridge Wealth Group LLC boosted its position in shares of Nuveen Select Tax-Free Income Portfolio by 14.0% in the third quarter. Onyx Bridge Wealth Group LLC now owns 14,238 shares of the financial services provider’s stock worth $186,000 after acquiring an additional 1,750 shares during the last quarter. Finally, Annex Advisory Services LLC acquired a new stake in shares of Nuveen Select Tax-Free Income Portfolio in the third quarter worth approximately $200,000.

Nuveen Select Tax-Free Income Portfolio Price Performance

NXP opened at $14.37 on Tuesday. The company’s 50 day simple moving average is $13.74 and its 200 day simple moving average is $13.71. Nuveen Select Tax-Free Income Portfolio has a 1 year low of $12.86 and a 1 year high of $15.66.

Nuveen Select Tax-Free Income Portfolio Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, February 1st. Investors of record on Friday, January 13th will be given a $0.0485 dividend. The ex-dividend date is Thursday, January 12th. This represents a $0.58 annualized dividend and a dividend yield of 4.05%.

Nuveen Select Tax-Free Income Portfolio Profile

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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.