Nuveen Sl Tfip (NYSE:NXP) Stock Crosses Above Fifty Day Moving Average – Time to Sell?

Nuveen Sl Tfip (NYSE:NXP)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $14.17 and traded as high as $14.41. Nuveen Sl Tfip shares last traded at $14.40, with a volume of 211,017 shares changing hands.

Nuveen Sl Tfip Stock Performance

The firm’s fifty day moving average price is $14.17 and its two-hundred day moving average price is $14.23.

Nuveen Sl Tfip Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 13th will be given a $0.0535 dividend. The ex-dividend date is Friday, February 13th. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%.

Hedge Funds Weigh In On Nuveen Sl Tfip

Several institutional investors and hedge funds have recently modified their holdings of NXP. Northwestern Mutual Wealth Management Co. boosted its position in Nuveen Sl Tfip by 116.9% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,857 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 2,079 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Nuveen Sl Tfip during the 3rd quarter worth approximately $58,000. International Assets Investment Management LLC purchased a new position in shares of Nuveen Sl Tfip during the 4th quarter valued at approximately $73,000. RFG Advisory LLC grew its stake in Nuveen Sl Tfip by 16.4% in the 2nd quarter. RFG Advisory LLC now owns 12,160 shares of the financial services provider’s stock valued at $171,000 after acquiring an additional 1,715 shares during the period. Finally, D.A. Davidson & CO. grew its stake in Nuveen Sl Tfip by 14.1% in the 4th quarter. D.A. Davidson & CO. now owns 12,248 shares of the financial services provider’s stock valued at $173,000 after acquiring an additional 1,510 shares during the period. 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.