Nuveen Sl Tfip (NYSE:NXP) Reaches New 12-Month Low – Here’s Why

Nuveen Sl Tfip (NYSE:NXP)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $13.89 and last traded at $13.8950, with a volume of 75256 shares traded. The stock had previously closed at $14.01.

Nuveen Sl Tfip Trading Down 0.5%

The firm’s 50 day moving average price is $14.24 and its two-hundred day moving average price is $14.28.

Nuveen Sl Tfip Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.0535 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 4.6%.

Hedge Funds Weigh In On Nuveen Sl Tfip

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. lifted its holdings in Nuveen Sl Tfip by 1.1% in the second quarter. Raymond James Financial Inc. now owns 256,934 shares of the financial services provider’s stock valued at $3,610,000 after acquiring an additional 2,838 shares during the period. Bank of America Corp DE boosted its position in shares of Nuveen Sl Tfip by 1.2% in the 2nd quarter. Bank of America Corp DE now owns 446,821 shares of the financial services provider’s stock worth $6,278,000 after buying an additional 5,206 shares in the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of Nuveen Sl Tfip during the 2nd quarter worth approximately $346,000. Osaic Holdings Inc. lifted its position in shares of Nuveen Sl Tfip by 63.6% in the second quarter. Osaic Holdings Inc. now owns 51,882 shares of the financial services provider’s stock valued at $729,000 after acquiring an additional 20,174 shares in the last quarter. Finally, Van ECK Associates Corp raised its position in shares of Nuveen Sl Tfip by 20.8% in the third quarter. Van ECK Associates Corp now owns 223,358 shares of the financial services provider’s stock valued at $3,230,000 after buying an additional 38,452 shares during the last quarter. Institutional investors and hedge funds 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.