Nuveen Sl Tfip (NYSE:NXP) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Nuveen Sl Tfip (NYSE:NXP)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.29 and traded as low as $14.16. Nuveen Sl Tfip shares last traded at $14.2250, with a volume of 149,834 shares changing hands.

Nuveen Sl Tfip Stock Performance

The firm has a 50 day moving average price of $14.30 and a two-hundred day moving average price of $14.29.

Nuveen Sl Tfip Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th will be paid a dividend of $0.0535 per share. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Wednesday, July 15th.

Hedge Funds Weigh In On Nuveen Sl Tfip

A number of institutional investors have recently made changes to their positions in the business. Stephens Inc. AR grew its position in shares of Nuveen Sl Tfip by 15.6% during the first quarter. Stephens Inc. AR now owns 666,432 shares of the financial services provider’s stock worth $9,563,000 after buying an additional 90,129 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Nuveen Sl Tfip by 19.5% in 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 during the last quarter. Guggenheim Capital LLC raised its holdings in Nuveen Sl Tfip by 6.7% in the fourth quarter. Guggenheim Capital LLC now owns 1,014,022 shares of the financial services provider’s stock valued at $14,298,000 after acquiring an additional 63,825 shares in the last quarter. McMillan Office Inc. acquired a new stake in Nuveen Sl Tfip in the fourth quarter valued at $733,000. Finally, Royal Bank of Canada boosted its stake in Nuveen Sl Tfip by 46.0% during the 1st quarter. Royal Bank of Canada now owns 147,201 shares of the financial services provider’s stock valued at $2,112,000 after acquiring an additional 46,394 shares during the last quarter. 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.