Hennion & Walsh Asset Management Inc. Reduces Holdings in Nuveen Sl Tfip $NXP

Hennion & Walsh Asset Management Inc. decreased its stake in shares of Nuveen Sl Tfip (NYSE:NXP) by 16.7% during the second quarter, HoldingsChannel reports. The firm owned 668,196 shares of the financial services provider’s stock after selling 133,876 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Nuveen Sl Tfip were worth $9,562,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. lifted its holdings in Nuveen Sl Tfip by 116.9% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,857 shares of the financial services provider’s stock worth $56,000 after buying an additional 2,079 shares during the period. Advisory Services Network LLC purchased a new position in shares of Nuveen Sl Tfip during the 3rd quarter worth approximately $58,000. Bayban purchased a new position in shares of Nuveen Sl Tfip during the 4th quarter worth approximately $62,000. International Assets Investment Management LLC purchased a new position in shares of Nuveen Sl Tfip during the 4th quarter worth approximately $73,000. Finally, Hilltop Holdings Inc. bought a new position in shares of Nuveen Sl Tfip in the 1st quarter worth approximately $149,000. Hedge funds and other institutional investors own 16.17% of the company’s stock.

Nuveen Sl Tfip Stock Performance

NXP opened at $14.27 on Friday. The business has a 50 day moving average of $14.30 and a 200-day moving average of $14.29. Nuveen Sl Tfip has a 52 week low of $13.89 and a 52 week high of $14.65.

Nuveen Sl Tfip Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be issued a $0.0535 dividend. The ex-dividend date is Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 4.5%.

Nuveen Sl Tfip Company Profile

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.