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

Raymond James Financial Services Advisors Inc. increased its stake in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP – Get Rating) by 3.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 176,371 shares of the financial services provider’s stock after purchasing an additional 5,623 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Nuveen Select Tax-Free Income Portfolio were worth $2,453,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Capital Investment Advisors LLC grew its stake in Nuveen Select Tax-Free Income Portfolio by 1.6% in the 4th quarter. Capital Investment Advisors LLC now owns 57,600 shares of the financial services provider’s stock valued at $801,000 after acquiring an additional 880 shares during the last quarter. Leelyn Smith LLC acquired a new stake in Nuveen Select Tax-Free Income Portfolio in the 3rd quarter valued at about $25,000. Creative Planning grew its stake in Nuveen Select Tax-Free Income Portfolio by 17.3% in the 2nd quarter. Creative Planning now owns 15,577 shares of the financial services provider’s stock valued at $213,000 after acquiring an additional 2,292 shares during the last quarter. Sightline Wealth Advisors LLC grew its stake in Nuveen Select Tax-Free Income Portfolio by 15.0% in the 4th quarter. Sightline Wealth Advisors LLC now owns 18,528 shares of the financial services provider’s stock valued at $258,000 after acquiring an additional 2,417 shares during the last quarter. Finally, AdvisorNet Financial Inc grew its stake in Nuveen Select Tax-Free Income Portfolio by 18.8% in the 4th quarter. AdvisorNet Financial Inc now owns 35,351 shares of the financial services provider’s stock valued at $492,000 after acquiring an additional 5,600 shares during the last quarter.

Nuveen Select Tax-Free Income Portfolio Price Performance

Shares of NYSE NXP opened at $14.35 on Wednesday. Nuveen Select Tax-Free Income Portfolio has a 52 week low of $12.86 and a 52 week high of $14.94. The company’s 50-day moving average price is $14.38 and its 200 day moving average price is $14.18.

Nuveen Select Tax-Free Income Portfolio Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Monday, May 15th will be paid a dividend of $0.0485 per share. The ex-dividend date is Friday, May 12th. This represents a $0.58 annualized dividend and a dividend yield of 4.06%.

Nuveen Select Tax-Free Income Portfolio Company 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.