300,100 Shares in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 300,100 shares of the financial services provider’s stock, valued at approximately $4,547,000. Raymond James Financial Inc. owned approximately 0.64% of Nuveen Select Tax-Free Income Portfolio as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in NXP. Hennion & Walsh Asset Management Inc. grew its stake in shares of Nuveen Select Tax-Free Income Portfolio by 45.3% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 956,400 shares of the financial services provider’s stock worth $14,489,000 after buying an additional 298,219 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Nuveen Select Tax-Free Income Portfolio by 47.0% in the fourth quarter. Jones Financial Companies Lllp now owns 137,388 shares of the financial services provider’s stock worth $2,081,000 after acquiring an additional 43,948 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its stake in shares of Nuveen Select Tax-Free Income Portfolio by 70.0% in the third quarter. B. Riley Wealth Advisors Inc. now owns 36,543 shares of the financial services provider’s stock worth $554,000 after acquiring an additional 15,046 shares during the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of Nuveen Select Tax-Free Income Portfolio by 103.2% during the fourth quarter. Concurrent Investment Advisors LLC now owns 26,351 shares of the financial services provider’s stock valued at $399,000 after acquiring an additional 13,382 shares in the last quarter. Finally, Icon Wealth Advisors LLC purchased a new position in shares of Nuveen Select Tax-Free Income Portfolio in the 3rd quarter worth about $144,000. Institutional investors own 16.17% of the company’s stock.

Nuveen Select Tax-Free Income Portfolio Trading Down 0.5 %

Shares of Nuveen Select Tax-Free Income Portfolio stock opened at $14.37 on Wednesday. Nuveen Select Tax-Free Income Portfolio has a 1 year low of $13.79 and a 1 year high of $15.25. The firm’s 50-day moving average is $14.69 and its 200 day moving average is $14.80.

Nuveen Select Tax-Free Income Portfolio Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $0.052 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.62 annualized dividend and a dividend yield of 4.34%.

Nuveen Select Tax-Free Income Portfolio Company Profile

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.