LPL Financial LLC Buys 20,188 Shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP)

LPL Financial LLC boosted its position in shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP - Free Report) by 23.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,741 shares of the financial services provider's stock after acquiring an additional 20,188 shares during the period. LPL Financial LLC owned 0.23% of Nuveen Select Tax-Free Income Portfolio worth $1,602,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Nuveen Select Tax-Free Income Portfolio by 45.3% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 956,400 shares of the financial services provider's stock worth $14,489,000 after purchasing an additional 298,219 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Nuveen Select Tax-Free Income Portfolio during the fourth quarter valued at approximately $4,547,000. Van ECK Associates Corp grew its stake in Nuveen Select Tax-Free Income Portfolio by 2.4% in the 4th quarter. Van ECK Associates Corp now owns 207,378 shares of the financial services provider's stock worth $3,142,000 after buying an additional 4,815 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Nuveen Select Tax-Free Income Portfolio by 22.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 161,594 shares of the financial services provider's stock worth $2,448,000 after buying an additional 29,161 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in shares of Nuveen Select Tax-Free Income Portfolio by 47.0% in the 4th quarter. Jones Financial Companies Lllp now owns 137,388 shares of the financial services provider's stock worth $2,081,000 after buying an additional 43,948 shares during the last quarter. Institutional investors own 16.17% of the company's stock.

Nuveen Select Tax-Free Income Portfolio Stock Performance

Shares of NYSE NXP traded up $0.03 during mid-day trading on Tuesday, reaching $13.66. 147,404 shares of the company were exchanged, compared to its average volume of 89,043. Nuveen Select Tax-Free Income Portfolio has a 52 week low of $13.30 and a 52 week high of $15.25. The company's 50 day moving average price is $14.28 and its 200 day moving average price is $14.64.

Nuveen Select Tax-Free Income Portfolio Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be issued a dividend of $0.052 per share. The ex-dividend date is Tuesday, April 15th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.57%.

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.