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

Raymond James Financial Inc. purchased a new position in shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 300,100 shares of the financial services provider’s stock, valued at approximately $4,547,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. raised its stake in Nuveen Select Tax-Free Income Portfolio by 45.3% during 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 period. Van ECK Associates Corp increased its holdings in shares of Nuveen Select Tax-Free Income Portfolio by 2.4% in the fourth quarter. Van ECK Associates Corp now owns 207,378 shares of the financial services provider’s stock worth $3,142,000 after acquiring an additional 4,815 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of Nuveen Select Tax-Free Income Portfolio by 22.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 161,594 shares of the financial services provider’s stock worth $2,448,000 after purchasing an additional 29,161 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Nuveen Select Tax-Free Income Portfolio by 47.0% during the 4th quarter. Jones Financial Companies Lllp now owns 137,388 shares of the financial services provider’s stock valued at $2,081,000 after purchasing an additional 43,948 shares in the last quarter. Finally, LPL Financial LLC grew its position in shares of Nuveen Select Tax-Free Income Portfolio by 23.6% in the 4th quarter. LPL Financial LLC now owns 105,741 shares of the financial services provider’s stock valued at $1,602,000 after purchasing an additional 20,188 shares during the period. Institutional investors and hedge funds own 16.17% of the company’s stock.

Nuveen Select Tax-Free Income Portfolio Stock Performance

Shares of NXP stock opened at $13.91 on Friday. Nuveen Select Tax-Free Income Portfolio has a 52 week low of $13.30 and a 52 week high of $15.25. The company’s 50 day moving average price is $14.23 and its two-hundred day moving average price is $14.62.

Nuveen Select Tax-Free Income Portfolio Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be given a $0.052 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.62 annualized dividend and a yield of 4.49%.

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.