Raymond James & Associates Sells 3,353 Shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP)

Raymond James & Associates trimmed its position in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) by 2.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 142,072 shares of the financial services provider’s stock after selling 3,353 shares during the quarter. Raymond James & Associates’ holdings in Nuveen Select Tax-Free Income Portfolio were worth $2,059,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in NXP. Lynx Investment Advisory bought a new stake in shares of Nuveen Select Tax-Free Income Portfolio in the second quarter worth about $85,000. Capital Advisors Wealth Management LLC bought a new stake in shares of Nuveen Select Tax-Free Income Portfolio in the first quarter worth about $151,000. B. Riley Wealth Advisors Inc. increased its holdings in shares of Nuveen Select Tax-Free Income Portfolio by 11.7% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 11,925 shares of the financial services provider’s stock worth $176,000 after purchasing an additional 1,252 shares during the last quarter. Wealthcare Advisory Partners LLC increased its holdings in shares of Nuveen Select Tax-Free Income Portfolio by 26.9% in the first quarter. Wealthcare Advisory Partners LLC now owns 12,688 shares of the financial services provider’s stock worth $183,000 after purchasing an additional 2,688 shares during the last quarter. Finally, Breakwater Capital Group increased its holdings in shares of Nuveen Select Tax-Free Income Portfolio by 4.8% in the first quarter. Breakwater Capital Group now owns 15,634 shares of the financial services provider’s stock worth $226,000 after purchasing an additional 715 shares during the last quarter. 16.17% of the stock is owned by institutional investors.

Nuveen Select Tax-Free Income Portfolio Trading Up 0.4 %

NXP opened at $14.98 on Tuesday. Nuveen Select Tax-Free Income Portfolio has a 12 month low of $12.91 and a 12 month high of $15.25. The stock has a 50-day moving average of $14.69 and a 200 day moving average of $14.48.

Nuveen Select Tax-Free Income Portfolio Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th will be given a $0.052 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.62 annualized dividend and a yield of 4.17%.

About Nuveen Select Tax-Free Income Portfolio

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.