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

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

Nuveen Sl Tfip Stock Performance

The firm’s 50-day moving average is $14.26 and its 200 day moving average is $14.29.

Nuveen Sl Tfip Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be given a $0.0535 dividend. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Investors Weigh In On Nuveen Sl Tfip

Institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its position in Nuveen Sl Tfip by 19.5% during the 1st quarter. Bank of America Corp DE now owns 542,458 shares of the financial services provider’s stock worth $7,784,000 after purchasing an additional 88,528 shares in the last quarter. Stephens Inc. AR lifted its position in Nuveen Sl Tfip by 16.2% during the fourth quarter. Stephens Inc. AR now owns 576,303 shares of the financial services provider’s stock valued at $8,126,000 after buying an additional 80,180 shares in the last quarter. Cascade Financial Partners LLC acquired a new position in Nuveen Sl Tfip during the second quarter valued at approximately $902,000. Royal Bank of Canada grew its stake in Nuveen Sl Tfip by 46.0% during the first quarter. Royal Bank of Canada now owns 147,201 shares of the financial services provider’s stock worth $2,112,000 after buying an additional 46,394 shares during the period. Finally, NWF Advisory Services Inc. purchased a new stake in Nuveen Sl Tfip during the first quarter worth approximately $313,000. Hedge funds and other 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. 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.