Nuveen Sl Tfip (NYSE:NXP) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Shares of Nuveen Sl Tfip (NYSE:NXP) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.29 and traded as low as $14.16. Nuveen Sl Tfip shares last traded at $14.2250, with a volume of 149,834 shares.

Nuveen Sl Tfip Stock Down 0.2%

The stock’s fifty day moving average price is $14.30 and its 200 day moving average price is $14.29.

Nuveen Sl Tfip Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th will be given a dividend of $0.0535 per share. The ex-dividend date is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 4.5%.

Hedge Funds Weigh In On Nuveen Sl Tfip

Hedge funds and other institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Nuveen Sl Tfip by 116.9% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 3,857 shares of the financial services provider’s stock valued at $56,000 after buying an additional 2,079 shares in the last quarter. Advisory Services Network LLC purchased a new stake in Nuveen Sl Tfip in the third quarter worth approximately $58,000. Bayban bought a new position in Nuveen Sl Tfip during the fourth quarter valued at approximately $62,000. International Assets Investment Management LLC bought a new position in Nuveen Sl Tfip during the fourth quarter valued at approximately $73,000. Finally, Hilltop Holdings Inc. purchased a new position in shares of Nuveen Sl Tfip during the first quarter worth approximately $149,000. 16.17% of the stock is currently 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.