Nuveen Sl Tfip (NYSE:NXP) Stock Crosses Above Fifty Day Moving Average – Time to Sell?

Shares of Nuveen Sl Tfip (NYSE:NXP) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $14.17 and traded as high as $14.41. Nuveen Sl Tfip shares last traded at $14.40, with a volume of 211,017 shares.

Nuveen Sl Tfip Price Performance

The stock has a 50-day moving average price of $14.17 and a two-hundred day moving average price of $14.23.

Nuveen Sl Tfip Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 13th will be issued a $0.0535 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Guggenheim Capital LLC raised its position in Nuveen Sl Tfip by 30.6% during the 2nd quarter. Guggenheim Capital LLC now owns 822,807 shares of the financial services provider’s stock worth $11,560,000 after buying an additional 193,000 shares during the last quarter. 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 valued at $8,126,000 after buying an additional 80,180 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Nuveen Sl Tfip by 1.2% during the 2nd quarter. Bank of America Corp DE now owns 446,821 shares of the financial services provider’s stock valued at $6,278,000 after buying an additional 5,206 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Nuveen Sl Tfip by 1.1% in the 2nd quarter. Raymond James Financial Inc. now owns 256,934 shares of the financial services provider’s stock valued at $3,610,000 after buying an additional 2,838 shares during the period. Finally, Van ECK Associates Corp boosted its stake 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 worth $3,230,000 after buying an additional 38,452 shares during the last quarter. 16.17% of the stock is currently owned by hedge funds and other institutional investors.

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.