Nuveen Sl Tfip (NYSE:NXP) Stock Crosses Above 50 Day Moving Average – Time to Sell?

Nuveen Sl Tfip (NYSE:NXP) crossed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $13.43 and traded as high as $13.50. Nuveen Sl Tfip shares last traded at $13.4750, with a volume of 175,877 shares.

Nuveen Sl Tfip Stock Performance

The firm’s fifty day moving average is $13.43 and its 200 day moving average is $14.07.

Nuveen Sl Tfip Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 13th will be given a $0.0535 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $0.64 annualized dividend and a dividend yield of 4.8%.

Insider Activity at Nuveen Sl Tfip

In other news, insider Young L. Robert bought 22,848 shares of the firm’s stock in a transaction dated Friday, October 23rd. The shares were bought at an average price of $13.15 per share, with a total value of $300,451.20. Following the completion of the transaction, the insider owned 22,848 shares of the company’s stock, valued at $300,451.20. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

Institutional Trading of Nuveen Sl Tfip

Several institutional investors have recently added to or reduced their stakes in NXP. Bank of America Corp DE lifted its holdings in shares of 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 buying an additional 88,528 shares in the last quarter. Royal Bank of Canada raised its stake in Nuveen Sl Tfip by 46.0% in the 1st quarter. Royal Bank of Canada now owns 147,201 shares of the financial services provider’s stock worth $2,112,000 after purchasing an additional 46,394 shares in the last quarter. Cascade Financial Partners LLC acquired a new stake in Nuveen Sl Tfip in the 2nd quarter worth about $902,000. AdvisorNet Financial Inc raised its stake in Nuveen Sl Tfip by 20.2% in the 3rd quarter. AdvisorNet Financial Inc now owns 66,544 shares of the financial services provider’s stock worth $865,000 after purchasing an additional 11,179 shares in the last quarter. Finally, Wedbush Securities Inc. boosted its holdings in Nuveen Sl Tfip by 58.6% in the 2nd quarter. Wedbush Securities Inc. now owns 49,020 shares of the financial services provider’s stock valued at $826,000 after purchasing an additional 18,106 shares during the period. 16.17% of the stock is currently owned by institutional investors.

About Nuveen Sl Tfip

Nuveen Select Tax-Free Income Portfolio (NYSE: NXP) is a closed-end investment company managed by Nuveen, the investment management business of TIAA. The portfolio seeks to provide current income that is exempt from regular federal income tax.

The fund invests primarily in municipal securities issued by states, cities, and other governmental entities in the United States. Its holdings may include a range of tax-exempt bonds, including securities with varying maturities, credit qualities, and structures.