Raymond James Financial Inc. Makes New Investment in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP)

Raymond James Financial Inc. bought a new stake in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 300,100 shares of the financial services provider's stock, valued at approximately $4,547,000. Raymond James Financial Inc. owned 0.64% of Nuveen Select Tax-Free Income Portfolio as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Global Retirement Partners LLC acquired a new stake in Nuveen Select Tax-Free Income Portfolio in the fourth quarter worth about $27,000. Flagship Wealth Advisors LLC acquired a new stake in shares of Nuveen Select Tax-Free Income Portfolio during the 4th quarter worth approximately $47,000. Visionary Horizons LLC raised its stake in shares of Nuveen Select Tax-Free Income Portfolio by 21.2% during the fourth 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 during the last quarter. Concurrent Investment Advisors LLC lifted its holdings in Nuveen Select Tax-Free Income Portfolio by 103.2% in the fourth quarter. Concurrent Investment Advisors LLC now owns 26,351 shares of the financial services provider's stock valued at $399,000 after buying an additional 13,382 shares during the period. Finally, Capital Advisors Wealth Management LLC boosted its stake in Nuveen Select Tax-Free Income Portfolio by 31.4% in the fourth quarter. Capital Advisors Wealth Management LLC now owns 26,756 shares of the financial services provider's stock valued at $405,000 after acquiring an additional 6,390 shares during the last quarter. Institutional investors own 16.17% of the company's stock.

Nuveen Select Tax-Free Income Portfolio Trading Up 0.6 %

Shares of Nuveen Select Tax-Free Income Portfolio stock opened at $13.91 on Friday. The firm has a fifty day moving average of $14.23 and a two-hundred day moving average of $14.62. Nuveen Select Tax-Free Income Portfolio has a 52 week low of $13.30 and a 52 week high of $15.25.

Nuveen Select Tax-Free Income Portfolio Announces Dividend

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

Nuveen Select Tax-Free Income Portfolio 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.

Want to see what other hedge funds are holding NXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nuveen Select Tax-Free Income Portfolio (NYSE:NXP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.