Nuveen Sl Tfip (NYSE:NXP) Sets New 12-Month Low – Time to Sell?

Shares of Nuveen Sl Tfip (NYSE:NXP) reached a new 52-week low during trading on Tuesday . The stock traded as low as $13.64 and last traded at $13.66, with a volume of 181987 shares traded. The stock had previously closed at $13.75.

Nuveen Sl Tfip Trading Up 0.6%

The business’s 50 day moving average price is $14.18 and its 200-day moving average price is $14.25.

Nuveen Sl Tfip Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be issued a $0.0535 dividend. This represents a c) dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Tuesday, September 15th.

Hedge Funds Weigh In On Nuveen Sl Tfip

A number of large investors have recently modified their holdings of NXP. Stephens Inc. AR boosted its position in shares of Nuveen Sl Tfip by 15.6% in the 1st quarter. Stephens Inc. AR now owns 666,432 shares of the financial services provider’s stock worth $9,563,000 after buying an additional 90,129 shares in the last quarter. Bank of America Corp DE grew its stake in Nuveen Sl Tfip by 19.5% in the 1st quarter. Bank of America Corp DE now owns 542,458 shares of the financial services provider’s stock valued at $7,784,000 after acquiring an additional 88,528 shares during the last quarter. Cascade Financial Partners LLC purchased a new position in Nuveen Sl Tfip during the 2nd quarter valued at about $902,000. Royal Bank of Canada raised its position in Nuveen Sl Tfip by 46.0% during the first quarter. Royal Bank of Canada now owns 147,201 shares of the financial services provider’s stock worth $2,112,000 after acquiring an additional 46,394 shares during the last quarter. Finally, Readystate Asset Management LP acquired a new position in Nuveen Sl Tfip during the second quarter worth about $324,000. 16.17% of the stock is owned by hedge funds and other institutional investors.

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.