Commonwealth Equity Services LLC Buys 29,161 Shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP)

Commonwealth Equity Services LLC boosted its stake in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) by 22.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 161,594 shares of the financial services provider’s stock after purchasing an additional 29,161 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.35% of Nuveen Select Tax-Free Income Portfolio worth $2,448,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new position in shares of Nuveen Select Tax-Free Income Portfolio in the fourth quarter valued at approximately $4,547,000. Jones Financial Companies Lllp grew its position 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. Concurrent Investment Advisors LLC increased its holdings in shares of 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 worth $399,000 after purchasing an additional 13,382 shares during the period. Global Retirement Partners LLC purchased a new stake in shares of Nuveen Select Tax-Free Income Portfolio in the fourth quarter worth $27,000. Finally, Truist Financial Corp raised its position in shares of Nuveen Select Tax-Free Income Portfolio by 2.2% in the fourth quarter. Truist Financial Corp now owns 60,684 shares of the financial services provider’s stock worth $919,000 after buying an additional 1,300 shares in the last quarter. Hedge funds and other institutional investors own 16.17% of the company’s stock.

Nuveen Select Tax-Free Income Portfolio Stock Performance

Nuveen Select Tax-Free Income Portfolio stock opened at $14.35 on Thursday. The business has a 50-day simple moving average of $14.68 and a 200 day simple moving average of $14.80. Nuveen Select Tax-Free Income Portfolio has a 52 week low of $13.79 and a 52 week high of $15.25.

Nuveen Select Tax-Free Income Portfolio Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.052 per share. This represents a $0.62 annualized dividend and a dividend yield of 4.35%. The ex-dividend date of this dividend is Friday, March 14th.

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.