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

Nuveen Sl Tfip (NYSE:NXP)’s share price reached a new 52-week low on Monday. The company traded as low as $12.90 and last traded at $12.90, with a volume of 155866 shares traded. The stock had previously closed at $13.06.

Nuveen Sl Tfip Price Performance

The company has a 50-day moving average price of $14.03 and a 200-day moving average price of $14.20.

Nuveen Sl Tfip Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a $0.0535 dividend. This represents a $0.64 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Investors Weigh In On Nuveen Sl Tfip

Several hedge funds have recently modified their holdings of NXP. Ameritas Advisory Services LLC bought a new position in Nuveen Sl Tfip during the second quarter worth $45,000. Bayban bought a new position in shares of Nuveen Sl Tfip during the 4th quarter worth about $62,000. Hilltop Holdings Inc. bought a new position in shares of Nuveen Sl Tfip during the 1st quarter worth about $149,000. Envestnet Asset Management Inc. acquired a new position in shares of Nuveen Sl Tfip during the second quarter valued at about $179,000. Finally, Summit Financial Wealth Advisors LLC bought a new stake in shares of Nuveen Sl Tfip in the first quarter valued at about $186,000. 16.17% of the stock is owned by 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.