Insider Buying: Nuveen Sl Tfip (NYSE:NXP) Insider Buys $300,451.20 in Stock

Nuveen Sl Tfip (NYSE:NXP) insider Young Robert acquired 22,848 shares of Nuveen Sl Tfip stock in a transaction dated Friday, October 23rd. The shares were acquired at an average price of $13.15 per share, with a total value of $300,451.20. Following the completion of the transaction, the insider owned 22,848 shares of the company’s stock, valued at approximately $300,451.20. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Nuveen Sl Tfip Price Performance

Shares of NXP stock opened at $13.42 on Friday. Nuveen Sl Tfip has a 12-month low of $12.87 and a 12-month high of $14.59. The business has a 50 day simple moving average of $13.53 and a 200 day simple moving average of $14.10.

Nuveen Sl Tfip Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 15th will be given a dividend of $0.0535 per share. This represents a $0.64 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Thursday, October 15th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NXP. Stephens Inc. AR lifted its holdings in Nuveen Sl Tfip by 15.6% in the first quarter. Stephens Inc. AR now owns 666,432 shares of the financial services provider’s stock worth $9,563,000 after purchasing an additional 90,129 shares during the period. Bank of America Corp DE grew its position in Nuveen Sl Tfip by 19.5% in the 1st quarter. Bank of America Corp DE now owns 542,458 shares of the financial services provider’s stock valued at $7,784,000 after buying an additional 88,528 shares in the last quarter. Royal Bank of Canada grew 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 valued at $2,112,000 after buying an additional 46,394 shares in the last quarter. Wedbush Securities Inc. increased its stake in Nuveen Sl Tfip by 4.1% during the 2nd quarter. Wedbush Securities Inc. now owns 73,793 shares of the financial services provider’s stock valued at $768,000 after buying an additional 2,931 shares during the period. Finally, AdvisorNet Financial Inc increased its stake in Nuveen Sl Tfip by 20.2% during the 3rd quarter. AdvisorNet Financial Inc now owns 66,544 shares of the financial services provider’s stock valued at $865,000 after buying an additional 11,179 shares during the period. 16.17% of the stock is owned by institutional investors and hedge funds.

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.