Nuveen Sl Tfip (NYSE:NXP) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?
by Sarita Garza · The Markets DailyShares of Nuveen Sl Tfip (NYSE:NXP – Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.32 and traded as low as $14.32. Nuveen Sl Tfip shares last traded at $14.43, with a volume of 97,936 shares trading hands.
Nuveen Sl Tfip Stock Down 1.5%
The company’s fifty day moving average is $14.31 and its 200-day moving average is $14.33.
Nuveen Sl Tfip Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be paid a $0.0535 dividend. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Friday, March 13th.
Institutional Investors Weigh In On Nuveen Sl Tfip
A number of institutional investors have recently added to or reduced their stakes in NXP. Guggenheim Capital LLC boosted its holdings in shares of Nuveen Sl Tfip by 30.6% in the 2nd quarter. Guggenheim Capital LLC now owns 822,807 shares of the financial services provider’s stock worth $11,560,000 after purchasing an additional 193,000 shares during the period. Van ECK Associates Corp raised its holdings in Nuveen Sl Tfip by 19.7% during the 4th quarter. Van ECK Associates Corp now owns 267,284 shares of the financial services provider’s stock valued at $3,769,000 after buying an additional 43,926 shares during the period. Osaic Holdings Inc. raised its holdings in Nuveen Sl Tfip by 63.6% during the 2nd quarter. Osaic Holdings Inc. now owns 51,882 shares of the financial services provider’s stock valued at $729,000 after buying an additional 20,174 shares during the period. Advisory Services Network LLC bought a new stake in Nuveen Sl Tfip in the third quarter worth $58,000. Finally, Bayban purchased a new position in Nuveen Sl Tfip during the fourth quarter worth $62,000. 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 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.