Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) Shares Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC increased its stake in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) by 26.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 136,906 shares of the financial services provider’s stock after purchasing an additional 28,516 shares during the quarter. Commonwealth Equity Services LLC owned about 0.29% of Nuveen Select Tax-Free Income Portfolio worth $1,977,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. McGlone Suttner Wealth Management Inc. bought a new stake in Nuveen Select Tax-Free Income Portfolio in the fourth quarter worth about $78,000. Tyche Wealth Partners LLC bought a new stake in Nuveen Select Tax-Free Income Portfolio in the fourth quarter worth about $151,000. Capital Advisors Wealth Management LLC bought a new stake in Nuveen Select Tax-Free Income Portfolio in the first quarter worth about $151,000. B. Riley Wealth Advisors Inc. raised its position in 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 acquiring an additional 1,252 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC raised its position in 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 acquiring an additional 2,688 shares in the last quarter. Institutional investors and hedge funds own 16.17% of the company’s stock.

Nuveen Select Tax-Free Income Portfolio Price Performance

Nuveen Select Tax-Free Income Portfolio stock traded down $0.03 during midday trading on Friday, hitting $14.46. The company’s stock had a trading volume of 59,054 shares, compared to its average volume of 75,596. The stock’s 50-day moving average price is $14.30 and its 200-day moving average price is $14.45. Nuveen Select Tax-Free Income Portfolio has a 12 month low of $12.91 and a 12 month high of $14.89.

Nuveen Select Tax-Free Income Portfolio Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Monday, July 15th will be given a $0.052 dividend. This represents a $0.62 annualized dividend and a yield of 4.32%. The ex-dividend date is Monday, July 15th.

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.