Nuveen Sl Tfip (NYSE:NXP) Hits New 52-Week Low – Here’s Why

Shares of Nuveen Sl Tfip (NYSE:NXP) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $13.42 and last traded at $13.44, with a volume of 183361 shares changing hands. The stock had previously closed at $13.46.

Nuveen Sl Tfip Stock Down 0.1%

The business’s fifty day simple moving average is $14.15 and its 200 day simple moving average is $14.24.

Nuveen Sl Tfip Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be issued a $0.0535 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 4.8%.

Hedge Funds Weigh In On Nuveen Sl Tfip

A number of large investors have recently bought and sold shares of NXP. Ameritas Advisory Services LLC acquired a new position in Nuveen Sl Tfip during the 2nd quarter valued at approximately $45,000. Bayban acquired a new stake in Nuveen Sl Tfip in the fourth quarter worth $62,000. Hilltop Holdings Inc. bought a new stake in Nuveen Sl Tfip in the first quarter valued at $149,000. Summit Financial Wealth Advisors LLC acquired a new position in shares of Nuveen Sl Tfip during the first quarter valued at $186,000. Finally, Fifth Third Bancorp acquired a new position in shares of Nuveen Sl Tfip during the first quarter valued at $203,000. Institutional investors own 16.17% of the company’s stock.

About Nuveen Sl Tfip

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.