Raymond James & Associates Buys 63,190 Shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP)

Raymond James & Associates boosted its stake in shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXPGet Rating) by 92.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 131,770 shares of the financial services provider’s stock after purchasing an additional 63,190 shares during the quarter. Raymond James & Associates’ holdings in Nuveen Select Tax-Free Income Portfolio were worth $1,718,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of NXP. Nations Financial Group Inc. IA ADV bought a new stake in shares of Nuveen Select Tax-Free Income Portfolio in the first quarter valued at about $247,000. Cohen & Steers Inc. bought a new stake in shares of Nuveen Select Tax-Free Income Portfolio in the first quarter valued at about $144,000. Rivernorth Capital Management LLC bought a new stake in shares of Nuveen Select Tax-Free Income Portfolio in the first quarter valued at about $4,266,000. Cambridge Investment Research Advisors Inc. boosted its position in shares of Nuveen Select Tax-Free Income Portfolio by 3.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 143,902 shares of the financial services provider’s stock valued at $1,970,000 after acquiring an additional 4,913 shares during the period. Finally, Raymond James Trust N.A. boosted its position in shares of Nuveen Select Tax-Free Income Portfolio by 8.1% in the second quarter. Raymond James Trust N.A. now owns 32,399 shares of the financial services provider’s stock valued at $444,000 after acquiring an additional 2,418 shares during the period.

Nuveen Select Tax-Free Income Portfolio Price Performance

Shares of Nuveen Select Tax-Free Income Portfolio stock opened at $14.18 on Wednesday. The firm has a 50-day moving average of $13.87 and a 200-day moving average of $13.72. Nuveen Select Tax-Free Income Portfolio has a 52-week low of $12.86 and a 52-week high of $15.35.

Nuveen Select Tax-Free Income Portfolio Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, February 1st. Stockholders of record on Friday, January 13th will be issued a dividend of $0.0485 per share. This represents a $0.58 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date of this dividend is Thursday, January 12th.

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.

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Institutional Ownership by Quarter for Nuveen Select Tax-Free Income Portfolio (NYSE:NXP)

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