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

Nuveen Sl Tfip (NYSE:NXP)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-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 changing hands.

Nuveen Sl Tfip Price Performance

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

Nuveen Sl Tfip Dividend Announcement

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

Hedge Funds Weigh In On Nuveen Sl Tfip

Several institutional investors have recently added to or reduced their stakes in the business. Guggenheim Capital LLC increased its stake in Nuveen Sl Tfip by 6.7% in the fourth quarter. Guggenheim Capital LLC now owns 1,014,022 shares of the financial services provider’s stock valued at $14,298,000 after purchasing an additional 63,825 shares during the last quarter. Stephens Inc. AR increased its stake in Nuveen Sl Tfip by 15.6% during the first quarter. Stephens Inc. AR now owns 666,432 shares of the financial services provider’s stock worth $9,563,000 after acquiring an additional 90,129 shares during the last quarter. Bank of America Corp DE increased its stake in Nuveen Sl Tfip by 19.5% during the first quarter. Bank of America Corp DE now owns 542,458 shares of the financial services provider’s stock worth $7,784,000 after acquiring an additional 88,528 shares during the last quarter. Wells Fargo & Company MN increased its stake in Nuveen Sl Tfip by 6.8% during the fourth quarter. Wells Fargo & Company MN now owns 384,967 shares of the financial services provider’s stock worth $5,428,000 after acquiring an additional 24,550 shares during the last quarter. Finally, Van ECK Associates Corp increased its stake in Nuveen Sl Tfip by 19.7% during the fourth quarter. Van ECK Associates Corp now owns 267,284 shares of the financial services provider’s stock worth $3,769,000 after acquiring an additional 43,926 shares during the last quarter. 16.17% of the stock is currently owned by institutional investors and hedge funds.

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.