Nuveen Sl Tfip (NYSE:NXP) Hits New 1-Year Low – Should You Sell?

Nuveen Sl Tfip (NYSE:NXP) shares hit a new 52-week low during mid-day trading on Monday. The stock traded as low as $12.90 and last traded at $12.90, with a volume of 155866 shares changing hands. The stock had previously closed at $13.06.

Nuveen Sl Tfip Stock Down 0.6%

The firm has a fifty day simple moving average of $14.03 and a 200 day simple moving average of $14.20.

Nuveen Sl Tfip Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be paid a $0.0535 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Tuesday, September 15th.

Institutional Investors Weigh In On Nuveen Sl Tfip

Institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. bought a new stake in Nuveen Sl Tfip in the 2nd quarter valued at $179,000. Baird Financial Group Inc. lifted its holdings in shares of Nuveen Sl Tfip by 40.4% during the 2nd quarter. Baird Financial Group Inc. now owns 17,831 shares of the financial services provider’s stock worth $255,000 after acquiring an additional 5,131 shares during the period. Readystate Asset Management LP acquired a new stake in shares of Nuveen Sl Tfip during the 2nd quarter valued at about $324,000. Ameritas Advisory Services LLC acquired a new stake in shares of Nuveen Sl Tfip during the 2nd quarter valued at about $45,000. Finally, Wedbush Securities Inc. increased its stake in Nuveen Sl Tfip by 11.1% in the second quarter. Wedbush Securities Inc. now owns 43,382 shares of the financial services provider’s stock valued at $621,000 after acquiring an additional 4,350 shares during the period. 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-end management investment company listed on the New York Stock Exchange under the symbol NXP. The fund seeks to provide current income that is exempt from regular federal income tax, while also pursuing long-term preservation of capital.

The portfolio invests primarily in municipal securities issued by state and local governments, public authorities and other governmental entities throughout the United States. These securities may help finance public infrastructure and services, including schools, transportation systems, utilities, hospitals and housing projects.