LPL Financial LLC Lowers Position in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP)

LPL Financial LLC lessened its position in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) by 5.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 82,937 shares of the financial services provider’s stock after selling 4,508 shares during the quarter. LPL Financial LLC owned 0.50% of Nuveen Select Tax-Free Income Portfolio worth $1,267,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its stake in Nuveen Select Tax-Free Income Portfolio by 16.3% in the second quarter. Envestnet Asset Management Inc. now owns 128,412 shares of the financial services provider’s stock valued at $1,962,000 after acquiring an additional 17,963 shares during the last quarter. Van ECK Associates Corp increased its stake in Nuveen Select Tax-Free Income Portfolio by 3.6% in the second quarter. Van ECK Associates Corp now owns 55,426 shares of the financial services provider’s stock valued at $847,000 after acquiring an additional 1,926 shares during the last quarter. Family Management Corp bought a new position in Nuveen Select Tax-Free Income Portfolio in the first quarter valued at $286,000. Koshinski Asset Management Inc. bought a new position in Nuveen Select Tax-Free Income Portfolio in the first quarter valued at $806,000. Finally, Cambridge Investment Research Advisors Inc. increased its stake in Nuveen Select Tax-Free Income Portfolio by 9.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 28,798 shares of the financial services provider’s stock valued at $422,000 after acquiring an additional 2,369 shares during the last quarter. 11.48% of the stock is currently owned by institutional investors and hedge funds.

NXP traded down $0.13 during trading on Friday, reaching $16.05. The stock had a trading volume of 35,093 shares, compared to its average volume of 40,729. Nuveen Select Tax-Free Income Portfolio has a one year low of $13.63 and a one year high of $16.29. The business has a 50-day moving average of $15.83 and a 200-day moving average of $15.32.

The company also recently announced a — dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were paid a $0.0455 dividend. The ex-dividend date was Thursday, September 12th. This represents a yield of 3.4%.

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.

See Also: How mutual funds make money

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

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