Nuveen Sl Tfip (NYSE:NXP) Stock Crosses Above 50-Day Moving Average – What’s Next?

Shares of Nuveen Sl Tfip (NYSE:NXP) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $14.44 and traded as high as $14.50. Nuveen Sl Tfip shares last traded at $14.3250, with a volume of 104,476 shares changing hands.

Nuveen Sl Tfip Trading Down 0.9%

The stock has a 50-day moving average of $14.44 and a 200 day moving average of $14.14.

Nuveen Sl Tfip Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be given a $0.0535 dividend. The ex-dividend date is Friday, November 14th. This represents a c) annualized dividend and a yield of 4.5%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NXP. Guggenheim Capital LLC increased its position in Nuveen Sl Tfip by 30.6% during the 2nd quarter. Guggenheim Capital LLC now owns 822,807 shares of the financial services provider’s stock valued at $11,560,000 after buying an additional 193,000 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Nuveen Sl Tfip by 1.2% in the second quarter. Bank of America Corp DE now owns 446,821 shares of the financial services provider’s stock worth $6,278,000 after buying an additional 5,206 shares in the last quarter. Raymond James Financial Inc. increased its position in Nuveen Sl Tfip by 1.1% in the second quarter. Raymond James Financial Inc. now owns 256,934 shares of the financial services provider’s stock worth $3,610,000 after purchasing an additional 2,838 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of Nuveen Sl Tfip by 20.8% in the 3rd quarter. Van ECK Associates Corp now owns 223,358 shares of the financial services provider’s stock valued at $3,230,000 after acquiring an additional 38,452 shares during the last quarter. Finally, Prospera Financial Services Inc increased its position in shares of Nuveen Sl Tfip by 3.1% during the 3rd quarter. Prospera Financial Services Inc now owns 203,595 shares of the financial services provider’s stock valued at $2,944,000 after purchasing an additional 6,059 shares during the last quarter. Institutional investors own 16.17% of the company’s stock.

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.