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

Nuveen Sl Tfip (NYSE:NXP)’s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $14.23 and traded as high as $14.28. Nuveen Sl Tfip shares last traded at $14.2350, with a volume of 115,754 shares traded.

Nuveen Sl Tfip Stock Performance

The company has a 50 day simple moving average of $14.23 and a 200 day simple moving average of $14.26.

Nuveen Sl Tfip Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be given a $0.0535 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 4.5%.

Institutional Investors Weigh In On Nuveen Sl Tfip

Institutional investors and hedge funds have recently modified their holdings of the stock. Stephens Inc. AR boosted its position in shares of Nuveen Sl Tfip by 16.2% in the fourth 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. Stronghold Wealth Management L.L.C. purchased a new stake in shares of Nuveen Sl Tfip in the fourth quarter worth about $463,000. International Assets Investment Management LLC purchased a new stake in shares of Nuveen Sl Tfip in the fourth quarter worth about $73,000. Mutual Advisors LLC purchased a new position in Nuveen Sl Tfip in the fourth quarter valued at about $225,000. Finally, D.A. Davidson & CO. boosted its holdings in Nuveen Sl Tfip by 14.1% in the fourth quarter. D.A. Davidson & CO. now owns 12,248 shares of the financial services provider’s stock valued at $173,000 after purchasing an additional 1,510 shares during the last quarter. Hedge funds and other institutional investors own 16.17% of the company’s stock.

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.