Janney Montgomery Scott LLC Has $496,000 Position in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP)

Janney Montgomery Scott LLC increased its holdings in shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP – Get Rating) by 11.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,999 shares of the financial services provider’s stock after acquiring an additional 4,042 shares during the period. Janney Montgomery Scott LLC’s holdings in Nuveen Select Tax-Free Income Portfolio were worth $496,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NXP. Rivernorth Capital Management LLC acquired a new position in Nuveen Select Tax-Free Income Portfolio in the first quarter valued at about $4,266,000. UBS Group AG boosted its position in Nuveen Select Tax-Free Income Portfolio by 41.0% in the second quarter. UBS Group AG now owns 988,609 shares of the financial services provider’s stock valued at $13,534,000 after buying an additional 287,300 shares in the last quarter. Stephens Inc. AR acquired a new position in Nuveen Select Tax-Free Income Portfolio in the second quarter valued at about $979,000. Raymond James & Associates boosted its position in Nuveen Select Tax-Free Income Portfolio by 92.1% in the third quarter. Raymond James & Associates now owns 131,770 shares of the financial services provider’s stock valued at $1,718,000 after buying an additional 63,190 shares in the last quarter. Finally, Tortoise Investment Management LLC boosted its position in Nuveen Select Tax-Free Income Portfolio by 20.6% in the second quarter. Tortoise Investment Management LLC now owns 298,487 shares of the financial services provider’s stock valued at $4,086,000 after buying an additional 50,883 shares in the last quarter.

Nuveen Select Tax-Free Income Portfolio Stock Performance

NYSE:NXP opened at $14.32 on Monday. Nuveen Select Tax-Free Income Portfolio has a 12 month low of $12.86 and a 12 month high of $15.40. The company’s 50-day moving average price is $13.84 and its two-hundred day moving average price is $13.72.

Nuveen Select Tax-Free Income Portfolio Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, February 1st. Stockholders of record on Friday, January 13th will be given a dividend of $0.0485 per share. The ex-dividend date is Thursday, January 12th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 4.06%.

About Nuveen Select Tax-Free Income Portfolio

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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.