Nuveen Sl Tfip (NYSE:NXP) Hits New 1-Year Low – Should You Sell?

Nuveen Sl Tfip (NYSE:NXP)’s stock price hit a new 52-week low during trading on Monday . The stock traded as low as $13.42 and last traded at $13.44, with a volume of 183361 shares traded. The stock had previously closed at $13.46.

Nuveen Sl Tfip Trading Down 0.2%

The stock has a fifty day moving average price of $14.11 and a 200-day moving average price of $14.23.

Nuveen Sl Tfip Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued a dividend of $0.0535 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 4.8%.

Hedge Funds Weigh In On Nuveen Sl Tfip

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Ameritas Advisory Services LLC bought a new stake in shares of Nuveen Sl Tfip in the second quarter worth $45,000. Bayban acquired a new position in Nuveen Sl Tfip in the fourth quarter worth $62,000. Hilltop Holdings Inc. bought a new stake in Nuveen Sl Tfip during the first quarter valued at $149,000. Summit Financial Wealth Advisors LLC bought a new stake in shares of Nuveen Sl Tfip during the 1st quarter valued at about $186,000. Finally, Fifth Third Bancorp acquired a new stake in shares of Nuveen Sl Tfip during the 1st quarter worth approximately $203,000. Hedge funds and other institutional investors own 16.17% of the company’s stock.

Nuveen Sl Tfip Company Profile

Nuveen Select Tax-Free Income Portfolio is a closed-end management investment company listed on the New York Stock Exchange under the symbol NXP. The fund seeks to provide current income that is exempt from regular federal income tax, while also pursuing long-term preservation of capital.

The portfolio invests primarily in municipal securities issued by state and local governments, public authorities and other governmental entities throughout the United States. These securities may help finance public infrastructure and services, including schools, transportation systems, utilities, hospitals and housing projects.