Nuveen Sl Tfip (NYSE:NXP) Stock Breaks Above Fifty Day Moving Average – Here’s What Happened

Shares of Nuveen Sl Tfip (NYSE:NXP) passed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $13.43 and traded as high as $13.50. Nuveen Sl Tfip shares last traded at $13.4750, with a volume of 175,877 shares.

Nuveen Sl Tfip Price Performance

The firm’s 50-day moving average price is $13.43 and its two-hundred day moving average price is $14.07.

Nuveen Sl Tfip Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 13th will be issued a $0.0535 dividend. The ex-dividend date is Friday, November 13th. This represents a $0.64 annualized dividend and a dividend yield of 4.8%.

Insider Activity at Nuveen Sl Tfip

In other news, insider Young L. Robert acquired 22,848 shares of the stock in a transaction that occurred on Friday, October 23rd. The stock was acquired at an average price of $13.15 per share, for a total transaction of $300,451.20. Following the transaction, the insider directly owned 22,848 shares in the company, valued at approximately $300,451.20. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NXP. Curry Webb Wealth Management LLC bought a new position in Nuveen Sl Tfip in the third quarter worth approximately $32,000. Ameritas Advisory Services LLC acquired a new position in Nuveen Sl Tfip in the 2nd quarter valued at $45,000. Jacobi Capital Management LLC acquired a new position in shares of Nuveen Sl Tfip during the 3rd quarter worth about $113,000. Hilltop Holdings Inc. bought a new stake in shares of Nuveen Sl Tfip during the first quarter worth approximately $149,000. Finally, Envestnet Asset Management Inc. bought a new stake in Nuveen Sl Tfip during the second quarter valued at $179,000. 16.17% of the stock is owned by hedge funds and other institutional investors.

Nuveen Sl Tfip Company Profile

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.