North Ground Capital Invests $3.47 Billion in Nuveen Sl Tfip $NXP

North Ground Capital purchased a new stake in shares of Nuveen Sl Tfip (NYSE:NXP) in the second quarter, Holdings Channel reports. The firm purchased 323,680 shares of the financial services provider’s stock, valued at approximately $3,469,850,000. Nuveen Sl Tfip makes up about 4.2% of North Ground Capital’s portfolio, making the stock its 10th biggest position.

Other institutional investors have also added to or reduced their stakes in the company. Stephens Inc. AR grew its holdings in Nuveen Sl Tfip by 16.2% in the 4th quarter. Stephens Inc. AR now owns 576,303 shares of the financial services provider’s stock worth $8,126,000 after acquiring an additional 80,180 shares during the last quarter. NewEdge Wealth LLC purchased a new stake in shares of Nuveen Sl Tfip during the second quarter worth about $408,000. Royal Bank of Canada boosted its holdings in shares of Nuveen Sl Tfip by 46.0% during the first 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. Cascade Financial Partners LLC bought a new stake in shares of Nuveen Sl Tfip in the second quarter worth about $902,000. Finally, International Assets Investment Management LLC purchased a new position in Nuveen Sl Tfip during the 4th quarter valued at about $73,000. Hedge funds and other institutional investors own 16.17% of the company’s stock.

Nuveen Sl Tfip Price Performance

NXP opened at $14.19 on Monday. Nuveen Sl Tfip has a one year low of $13.89 and a one year high of $14.65. The business has a 50 day simple moving average of $14.30 and a two-hundred day simple moving average of $14.30.

Nuveen Sl Tfip Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be paid a $0.0535 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 4.5%.

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.