Nuveen Sl Tfip (NYSE:NXP) Plans Monthly Dividend of $0.05

Nuveen Sl Tfip (NYSE:NXP) announced a monthly dividend on Thursday, December 18th. Shareholders of record on Thursday, January 15th will be paid a dividend of 0.0535 per share by the financial services provider on Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Thursday, January 15th.

Nuveen Sl Tfip Stock Performance

Shares of NYSE NXP traded down $0.01 during midday trading on Tuesday, reaching $14.28. 34,869 shares of the company were exchanged, compared to its average volume of 136,523. Nuveen Sl Tfip has a one year low of $13.30 and a one year high of $15.14. The stock’s 50-day moving average price is $14.27 and its 200-day moving average price is $14.19.

Institutional Trading of Nuveen Sl Tfip

A number of hedge funds have recently made changes to their positions in NXP. Ameritas Advisory Services LLC bought a new position in shares of Nuveen Sl Tfip during the second quarter valued at $56,000. Wealth Enhancement Advisory Services LLC acquired a new stake in Nuveen Sl Tfip in the second quarter valued at $190,000. Guggenheim Capital LLC raised its position in Nuveen Sl Tfip by 30.6% during the 2nd quarter. Guggenheim Capital LLC now owns 822,807 shares of the financial services provider’s stock worth $11,560,000 after purchasing an additional 193,000 shares during the last quarter. AdvisorNet Financial Inc lifted its holdings in Nuveen Sl Tfip by 3.7% during the 2nd quarter. AdvisorNet Financial Inc now owns 63,810 shares of the financial services provider’s stock worth $897,000 after buying an additional 2,250 shares during the period. Finally, U.S. Capital Wealth Advisors LLC bought a new stake in shares of Nuveen Sl Tfip in the 2nd quarter valued at about $140,000. 16.17% of the stock is owned by institutional investors and hedge funds.

About Nuveen Sl Tfip

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. It benchmarks the performance of its portfolio against the Standard & Poor's (S&P) National Municipal Bond Index and Lipper General and Insured Unleveraged Municipal Debt Funds Average.