Nuveen Select Tax Free Income Portfolio III (NXR) Holdings Boosted by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. grew its holdings in shares of Nuveen Select Tax Free Income Portfolio III (NYSE:NXR) by 2.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,747 shares of the investment management company’s stock after purchasing an additional 735 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Nuveen Select Tax Free Income Portfolio III were worth $391,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Advisor Group Inc. increased its position in Nuveen Select Tax Free Income Portfolio III by 15.0% during the 2nd quarter. Advisor Group Inc. now owns 11,500 shares of the investment management company’s stock worth $168,000 after purchasing an additional 1,500 shares during the period. Ameriprise Financial Inc. increased its position in Nuveen Select Tax Free Income Portfolio III by 10.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 21,527 shares of the investment management company’s stock worth $315,000 after purchasing an additional 2,079 shares during the period. IFP Advisors Inc increased its position in Nuveen Select Tax Free Income Portfolio III by 111.5% during the 2nd quarter. IFP Advisors Inc now owns 23,336 shares of the investment management company’s stock worth $341,000 after purchasing an additional 12,305 shares during the period. Van ECK Associates Corp increased its position in Nuveen Select Tax Free Income Portfolio III by 12.6% during the 2nd quarter. Van ECK Associates Corp now owns 34,852 shares of the investment management company’s stock worth $510,000 after purchasing an additional 3,887 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its position in Nuveen Select Tax Free Income Portfolio III by 5.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 56,227 shares of the investment management company’s stock worth $823,000 after purchasing an additional 3,087 shares during the period. Institutional investors own 10.88% of the company’s stock.

Nuveen Select Tax Free Income Portfolio III (NXR) opened at $14.76 on Monday. Nuveen Select Tax Free Income Portfolio III has a 52-week low of $13.73 and a 52-week high of $15.67.

The firm also recently announced a monthly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.0435 per share. This is a boost from Nuveen Select Tax Free Income Portfolio III’s previous monthly dividend of $0.04. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.52 annualized dividend and a yield of 3.54%.

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Nuveen Select Tax Free Income Portfolio III Profile

Nuveen Select Tax-Free Income Portfolio 3 is a diversified closed-end management investment company. The Fund’s investment objective is that it seeks to provide current income and stable dividends, exempt from regular federal and designated state income taxes, where applicable, consistent with the preservation of capital by investing primarily in a portfolio of municipal obligations.

Want to see what other hedge funds are holding NXR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nuveen Select Tax Free Income Portfolio III (NYSE:NXR).

Institutional Ownership by Quarter for Nuveen Select Tax Free Income Portfolio III (NYSE:NXR)

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