Cambridge Investment Research Advisors Inc. Raises Position in Nuveen Select Tax-Free Income Portfolio (NXP)

Cambridge Investment Research Advisors Inc. boosted its stake in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) by 22.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 24,569 shares of the financial services provider’s stock after buying an additional 4,560 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Nuveen Select Tax-Free Income Portfolio were worth $342,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stratos Wealth Partners LTD. acquired a new stake in Nuveen Select Tax-Free Income Portfolio in the 3rd quarter valued at $132,000. First Trust Advisors LP acquired a new stake in shares of Nuveen Select Tax-Free Income Portfolio during the second quarter valued at about $228,000. Private Advisor Group LLC acquired a new stake in shares of Nuveen Select Tax-Free Income Portfolio during the second quarter valued at about $427,000. PNC Financial Services Group Inc. grew its stake in shares of Nuveen Select Tax-Free Income Portfolio by 332.0% during the second quarter. PNC Financial Services Group Inc. now owns 41,508 shares of the financial services provider’s stock valued at $593,000 after acquiring an additional 31,900 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its stake in shares of Nuveen Select Tax-Free Income Portfolio by 162.2% during the second quarter. Advisors Asset Management Inc. now owns 59,490 shares of the financial services provider’s stock valued at $851,000 after acquiring an additional 36,804 shares in the last quarter. Hedge funds and other institutional investors own 11.74% of the company’s stock.

Shares of Nuveen Select Tax-Free Income Portfolio stock opened at $14.28 on Friday. Nuveen Select Tax-Free Income Portfolio has a 1-year low of $13.63 and a 1-year high of $14.97.

The firm also recently announced a monthly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Thursday, November 15th will be paid a dividend of $0.0455 per share. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $0.55 annualized dividend and a dividend yield of 3.82%.

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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.

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

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

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