Nuveen Sl Tfip (NYSE:NXP) Shares Cross Below Fifty Day Moving Average – Here’s Why

Shares of Nuveen Sl Tfip (NYSE:NXP) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $14.34 and traded as low as $13.93. Nuveen Sl Tfip shares last traded at $14.1850, with a volume of 129,091 shares traded.

Nuveen Sl Tfip Stock Performance

The company has a 50 day moving average price of $14.34 and a two-hundred day moving average price of $14.32.

Nuveen Sl Tfip Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th will be paid a dividend of $0.0535 per share. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Wednesday, April 15th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in NXP. Stephens Inc. AR raised its stake in shares of Nuveen Sl Tfip by 16.2% during the 4th quarter. Stephens Inc. AR now owns 576,303 shares of the financial services provider’s stock worth $8,126,000 after buying an additional 80,180 shares during the period. Guggenheim Capital LLC raised its stake in shares of Nuveen Sl Tfip by 6.7% during the 4th quarter. Guggenheim Capital LLC now owns 1,014,022 shares of the financial services provider’s stock worth $14,298,000 after buying an additional 63,825 shares during the period. McMillan Office Inc. acquired a new position in shares of Nuveen Sl Tfip during the 4th quarter worth approximately $733,000. Van ECK Associates Corp raised its stake in shares of Nuveen Sl Tfip by 19.7% during the 4th quarter. Van ECK Associates Corp now owns 267,284 shares of the financial services provider’s stock worth $3,769,000 after buying an additional 43,926 shares during the period. Finally, Stronghold Wealth Management L.L.C. acquired a new position in shares of Nuveen Sl Tfip during the 4th quarter worth approximately $463,000. 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.