Nuveen Sl Tfip (NYSE:NXP) Stock: Insider Young Robert Purchases 22,848 Shares

Nuveen Sl Tfip (NYSE:NXP) insider Young Robert bought 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 purchase, the insider directly owned 22,848 shares in the company, valued at $300,451.20. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Nuveen Sl Tfip Stock Up 0.6%

Shares of NXP stock traded up $0.08 during trading on Tuesday, reaching $13.31. 320,608 shares of the company’s stock were exchanged, compared to its average volume of 185,583. Nuveen Sl Tfip has a twelve month low of $12.87 and a twelve month high of $14.59. The firm’s fifty day moving average price is $13.59 and its 200-day moving average price is $14.11.

Nuveen Sl Tfip Dividend Announcement

The business also recently disclosed 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 of this dividend is Thursday, October 15th.

Hedge Funds Weigh In On Nuveen Sl Tfip

Several large investors have recently modified their holdings of the stock. Bank of America Corp DE lifted its stake in shares of Nuveen Sl Tfip by 19.5% during the 1st quarter. Bank of America Corp DE now owns 542,458 shares of the financial services provider’s stock worth $7,784,000 after buying an additional 88,528 shares during the last quarter. Stephens Inc. AR boosted its holdings in shares of Nuveen Sl Tfip by 15.6% during the 1st quarter. Stephens Inc. AR now owns 666,432 shares of the financial services provider’s stock worth $9,563,000 after buying an additional 90,129 shares during the period. Royal Bank of Canada grew its stake 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 during the last quarter. Cascade Financial Partners LLC acquired a new position in Nuveen Sl Tfip in the 2nd quarter valued at about $902,000. Finally, Cetera Investment Advisers raised its holdings in Nuveen Sl Tfip by 82.7% in the 1st quarter. Cetera Investment Advisers now owns 34,973 shares of the financial services provider’s stock valued at $502,000 after acquiring an additional 15,828 shares during the period. 16.17% of the stock is owned by institutional investors.

About Nuveen Sl Tfip

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.