Nuveen Sl Tfip (NYSE:NXP) Stock Price Passes Above 50 Day Moving Average – What’s Next?

Nuveen Sl Tfip (NYSE:NXP) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $14.27 and traded as high as $14.56. Nuveen Sl Tfip shares last traded at $14.54, with a volume of 89,354 shares traded.

Nuveen Sl Tfip Price Performance

The company has a 50-day moving average of $14.28 and a 200-day moving average of $14.31.

Nuveen Sl Tfip Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be paid a $0.0535 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 4.5%.

Institutional Investors Weigh In On Nuveen Sl Tfip

Large investors have recently made changes to their positions in the stock. Guggenheim Capital LLC increased its holdings 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 in the last quarter. Capital Advisors Wealth Management LLC raised its position in Nuveen Sl Tfip by 20.9% in the 2nd quarter. Capital Advisors Wealth Management LLC now owns 43,029 shares of the financial services provider’s stock valued at $605,000 after buying an additional 7,428 shares during the last quarter. Wolverine Asset Management LLC bought a new stake in Nuveen Sl Tfip in the 4th quarter valued at approximately $436,000. ProVise Management Group LLC boosted its position in Nuveen Sl Tfip by 11.1% during the 4th quarter. ProVise Management Group LLC now owns 28,560 shares of the financial services provider’s stock worth $403,000 after acquiring an additional 2,850 shares during the last quarter. Finally, OMNI 360 Wealth Inc. bought a new position in shares of Nuveen Sl Tfip during the 4th quarter worth approximately $441,000. Institutional investors own 16.17% of the company’s stock.

Nuveen Sl Tfip Company Profile

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.