Nuveen Sl Tfip (NYSE:NXP) Hits New 12-Month Low – Here’s Why

Nuveen Sl Tfip (NYSE:NXP) shares hit a new 52-week low during trading on Wednesday . The company traded as low as $13.89 and last traded at $13.8950, with a volume of 75256 shares traded. The stock had previously closed at $14.01.

Nuveen Sl Tfip Stock Down 0.7%

The company has a 50-day moving average price of $14.26 and a two-hundred day moving average price of $14.29.

Nuveen Sl Tfip Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be issued a $0.0535 dividend. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Tuesday, September 15th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Baird Financial Group Inc. boosted its stake in shares of Nuveen Sl Tfip by 40.4% in the second quarter. Baird Financial Group Inc. now owns 17,831 shares of the financial services provider’s stock valued at $255,000 after purchasing an additional 5,131 shares during the period. Readystate Asset Management LP purchased a new stake in Nuveen Sl Tfip during the 2nd quarter worth $324,000. Ameritas Advisory Services LLC acquired a new position in Nuveen Sl Tfip in the 2nd quarter worth $45,000. Wedbush Securities Inc. lifted its holdings in Nuveen Sl Tfip by 11.1% in the 2nd quarter. Wedbush Securities Inc. now owns 43,382 shares of the financial services provider’s stock worth $621,000 after buying an additional 4,350 shares in the last quarter. Finally, Cascade Financial Partners LLC purchased a new position in Nuveen Sl Tfip in the 2nd quarter valued at about $902,000. 16.17% of the stock is 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.