Jones Financial Companies Lllp Boosts Holdings in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP)

Jones Financial Companies Lllp raised its stake in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP - Free Report) by 47.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 137,388 shares of the financial services provider's stock after acquiring an additional 43,948 shares during the period. Jones Financial Companies Lllp owned approximately 0.29% of Nuveen Select Tax-Free Income Portfolio worth $2,081,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of NXP. Concurrent Investment Advisors LLC increased its stake in Nuveen Select Tax-Free Income Portfolio by 103.2% in the 4th quarter. Concurrent Investment Advisors LLC now owns 26,351 shares of the financial services provider's stock worth $399,000 after acquiring an additional 13,382 shares during the last quarter. Global Retirement Partners LLC bought a new stake in Nuveen Select Tax-Free Income Portfolio in the fourth quarter worth $27,000. Truist Financial Corp raised its stake in Nuveen Select Tax-Free Income Portfolio by 2.2% during the fourth quarter. Truist Financial Corp now owns 60,684 shares of the financial services provider's stock valued at $919,000 after purchasing an additional 1,300 shares in the last quarter. Van ECK Associates Corp lifted its position in Nuveen Select Tax-Free Income Portfolio by 2.4% during the fourth quarter. Van ECK Associates Corp now owns 207,378 shares of the financial services provider's stock valued at $3,142,000 after purchasing an additional 4,815 shares during the last quarter. Finally, Visionary Horizons LLC grew its stake in shares of Nuveen Select Tax-Free Income Portfolio by 21.2% in the 4th quarter. Visionary Horizons LLC now owns 16,570 shares of the financial services provider's stock worth $251,000 after buying an additional 2,895 shares in the last quarter. Hedge funds and other institutional investors own 16.17% of the company's stock.

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Nuveen Select Tax-Free Income Portfolio Stock Performance

Shares of Nuveen Select Tax-Free Income Portfolio stock traded up $0.04 during trading hours on Monday, reaching $14.53. The company's stock had a trading volume of 65,595 shares, compared to its average volume of 84,100. The firm has a 50 day moving average price of $14.81 and a 200-day moving average price of $14.85. Nuveen Select Tax-Free Income Portfolio has a one year low of $13.79 and a one year high of $15.25.

Nuveen Select Tax-Free Income Portfolio Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.052 per share. The ex-dividend date is Friday, March 14th. This represents a $0.62 annualized dividend and a yield of 4.30%.

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.