North Ground Capital Makes New $3.47 Billion Investment in Nuveen Sl Tfip $NXP

North Ground Capital acquired a new position in Nuveen Sl Tfip (NYSE:NXP) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 323,680 shares of the financial services provider’s stock, valued at approximately $3,469,850,000. Nuveen Sl Tfip comprises 4.2% of North Ground Capital’s portfolio, making the stock its 10th biggest position. North Ground Capital owned 0.51% of Nuveen Sl Tfip at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. bought a new position in shares of Nuveen Sl Tfip during the 2nd quarter valued at $47,000. Advisory Services Network LLC purchased a new position in Nuveen Sl Tfip in the 3rd quarter worth $58,000. Bayban bought a new stake in Nuveen Sl Tfip in the fourth quarter worth $62,000. International Assets Investment Management LLC bought a new stake in Nuveen Sl Tfip in the fourth quarter worth $73,000. Finally, Occidental Asset Management LLC bought a new stake in Nuveen Sl Tfip in the second quarter worth $126,000. Hedge funds and other institutional investors own 16.17% of the company’s stock.

Nuveen Sl Tfip Stock Performance

NYSE NXP opened at $14.19 on Monday. The company has a 50-day simple moving average of $14.30 and a two-hundred day simple moving average of $14.30. Nuveen Sl Tfip has a 12-month low of $13.89 and a 12-month high of $14.65.

Nuveen Sl Tfip Dividend Announcement

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

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.