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

Nuveen Sl Tfip (NYSE:NXP) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 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 Stock Up 0.3%

The stock has a fifty day moving average of $14.27 and a 200-day moving average of $14.31.

Nuveen Sl Tfip Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be issued a dividend of $0.0535 per share. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date is Friday, March 13th.

Institutional Investors Weigh In On Nuveen Sl Tfip

A number of large investors have recently made changes to their positions in the company. Guggenheim Capital LLC boosted its stake in Nuveen Sl Tfip by 30.6% in 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 during the period. Capital Advisors Wealth Management LLC grew its position in Nuveen Sl Tfip by 20.9% during the 2nd quarter. Capital Advisors Wealth Management LLC now owns 43,029 shares of the financial services provider’s stock worth $605,000 after purchasing an additional 7,428 shares in the last quarter. Plan Group Financial LLC acquired a new stake in Nuveen Sl Tfip during the 2nd quarter valued at $232,000. Rockefeller Capital Management L.P. lifted its holdings in shares of Nuveen Sl Tfip by 16.5% in the second quarter. Rockefeller Capital Management L.P. now owns 21,893 shares of the financial services provider’s stock valued at $308,000 after purchasing an additional 3,093 shares in the last quarter. Finally, Great Lakes Retirement Inc. acquired a new stake in shares of Nuveen Sl Tfip in the third quarter worth $206,000. Institutional investors and hedge funds 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.