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

Nuveen Sl Tfip (NYSE:NXP)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $14.24 and traded as high as $14.33. Nuveen Sl Tfip shares last traded at $14.27, with a volume of 125,209 shares traded.

Nuveen Sl Tfip Stock Performance

The business has a 50 day moving average of $14.24 and a 200 day moving average of $14.26.

Nuveen Sl Tfip Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be given a dividend of $0.0535 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Monday, June 15th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of NXP. Stephens Inc. AR lifted its holdings 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 worth $9,563,000 after acquiring an additional 90,129 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of 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 during the period. Guggenheim Capital LLC grew its holdings in Nuveen Sl Tfip by 6.7% during the 4th quarter. Guggenheim Capital LLC now owns 1,014,022 shares of the financial services provider’s stock valued at $14,298,000 after purchasing an additional 63,825 shares during the last quarter. McMillan Office Inc. bought a new position in Nuveen Sl Tfip during the 4th quarter valued at about $733,000. Finally, Royal Bank of Canada raised its position in Nuveen Sl Tfip by 46.0% in the 1st quarter. Royal Bank of Canada now owns 147,201 shares of the financial services provider’s stock worth $2,112,000 after purchasing an additional 46,394 shares during the period. 16.17% of the stock is owned by hedge funds and other institutional investors.

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.