Commonwealth Equity Services LLC Purchases 3,300 Shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP)

Commonwealth Equity Services LLC boosted its position in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) by 13.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,497 shares of the financial services provider’s stock after acquiring an additional 3,300 shares during the period. Commonwealth Equity Services LLC owned 0.17% of Nuveen Select Tax-Free Income Portfolio worth $386,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Clean Yield Group acquired a new position in shares of Nuveen Select Tax-Free Income Portfolio during the 4th quarter worth approximately $32,000. AdvisorNet Financial Inc acquired a new position in shares of Nuveen Select Tax-Free Income Portfolio during the 4th quarter worth approximately $38,000. Raymond James & Associates acquired a new position in shares of Nuveen Select Tax-Free Income Portfolio during the 4th quarter worth approximately $144,000. Voit & Company LLC acquired a new position in shares of Nuveen Select Tax-Free Income Portfolio during the 4th quarter worth approximately $169,000. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of Nuveen Select Tax-Free Income Portfolio by 22.8% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 24,569 shares of the financial services provider’s stock worth $342,000 after purchasing an additional 4,560 shares during the last quarter. Institutional investors and hedge funds own 11.52% of the company’s stock.

Shares of NYSE NXP traded down $0.04 during midday trading on Friday, hitting $14.60. 36,187 shares of the company’s stock were exchanged, compared to its average volume of 26,234. Nuveen Select Tax-Free Income Portfolio has a 12 month low of $13.63 and a 12 month high of $14.80.

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be paid a dividend of $0.0455 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.55 annualized dividend and a dividend yield of 3.74%.

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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.

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Institutional Ownership by Quarter for Nuveen Select Tax-Free Income Portfolio (NYSE:NXP)

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