Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) Shares Bought by Raymond James & Associates

Raymond James & Associates boosted its stake in shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) by 3.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 144,877 shares of the financial services provider’s stock after acquiring an additional 4,359 shares during the quarter. Raymond James & Associates’ holdings in Nuveen Select Tax-Free Income Portfolio were worth $2,141,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UBS Group AG lifted its holdings in Nuveen Select Tax-Free Income Portfolio by 6.5% during the 3rd quarter. UBS Group AG now owns 1,579,000 shares of the financial services provider’s stock worth $21,001,000 after buying an additional 96,024 shares in the last quarter. Breakwater Capital Group purchased a new position in Nuveen Select Tax-Free Income Portfolio in the third quarter valued at $168,000. Hennion & Walsh Asset Management Inc. grew its stake in Nuveen Select Tax-Free Income Portfolio by 22.2% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 401,729 shares of the financial services provider’s stock worth $5,343,000 after purchasing an additional 73,005 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in Nuveen Select Tax-Free Income Portfolio by 10.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 354,909 shares of the financial services provider’s stock worth $4,720,000 after purchasing an additional 32,460 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in shares of Nuveen Select Tax-Free Income Portfolio in the 3rd quarter valued at about $69,000. Hedge funds and other institutional investors own 16.17% of the company’s stock.

Nuveen Select Tax-Free Income Portfolio Price Performance

NYSE:NXP opened at $13.99 on Wednesday. The business’s fifty 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 Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be paid a $0.0485 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.58 annualized dividend and a dividend 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.