Nuveen Sl Tfip (NYSE:NXP) Insider Young Robert Buys 22,848 Shares of Stock

Nuveen Sl Tfip (NYSE:NXP) insider Young Robert purchased 22,848 shares of the business’s stock in a transaction on Friday, October 23rd. The stock was acquired at an average cost of $13.15 per share, with a total value of $300,451.20. Following the completion of the acquisition, the insider directly owned 22,848 shares in the company, valued at $300,451.20. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Nuveen Sl Tfip Stock Performance

NYSE:NXP opened at $13.31 on Wednesday. The company has a 50-day moving average of $13.57 and a 200-day moving average of $14.11. Nuveen Sl Tfip has a twelve month low of $12.87 and a twelve month high of $14.59.

Nuveen Sl Tfip Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 15th will be given a $0.0535 dividend. The ex-dividend date is Thursday, October 15th. This represents a $0.64 annualized dividend and a yield of 4.8%.

Institutional Investors Weigh In On Nuveen Sl Tfip

A number of institutional investors and hedge funds have recently modified their holdings of NXP. Bank of America Corp DE raised its position in shares of Nuveen Sl Tfip by 19.5% during 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 purchasing an additional 88,528 shares during the period. Royal Bank of Canada lifted its holdings in shares of 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 valued at $2,112,000 after purchasing an additional 46,394 shares during the last quarter. Stephens Inc. AR boosted its position in shares of Nuveen Sl Tfip by 15.6% in the 1st quarter. Stephens Inc. AR now owns 666,432 shares of the financial services provider’s stock valued at $9,563,000 after purchasing an additional 90,129 shares during the period. Cascade Financial Partners LLC acquired a new position in shares of Nuveen Sl Tfip in the 2nd quarter valued at $902,000. Finally, Breakwater Capital Group boosted its position in shares of Nuveen Sl Tfip by 10.2% in the 2nd quarter. Breakwater Capital Group now owns 50,337 shares of the financial services provider’s stock valued at $720,000 after purchasing an additional 4,650 shares during the period. Institutional investors and hedge funds own 16.17% of the company’s stock.

About Nuveen Sl Tfip

Nuveen Select Tax-Free Income Portfolio (NYSE: NXP) is a closed-end investment company managed by Nuveen, the investment management business of TIAA. The portfolio seeks to provide current income that is exempt from regular federal income tax.

The fund invests primarily in municipal securities issued by states, cities, and other governmental entities in the United States. Its holdings may include a range of tax-exempt bonds, including securities with varying maturities, credit qualities, and structures.