Nuveen Sl Tfip (NYSE:NXP) Share Price Breaks Above 50-Day Moving Average – Time to Sell?

Nuveen Sl Tfip (NYSE:NXP)’s stock price passed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $13.43 and traded as high as $13.50. Nuveen Sl Tfip shares last traded at $13.4750, with a volume of 175,877 shares trading hands.

Nuveen Sl Tfip Stock Up 1.2%

The stock’s fifty day simple moving average is $13.43 and its two-hundred day simple moving average is $14.07.

Nuveen Sl Tfip Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 13th will be given a $0.0535 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.8%.

Insider Buying and Selling at Nuveen Sl Tfip

In other Nuveen Sl Tfip news, insider Young L. Robert acquired 22,848 shares of the firm’s stock in a transaction that occurred on Friday, October 23rd. The stock was purchased at an average cost of $13.15 per share, for a total transaction of $300,451.20. Following the completion of the acquisition, 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 can be accessed through the SEC website. 1.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Nuveen Sl Tfip

A number of large investors have recently bought and sold shares of the stock. Bank of America Corp DE grew its holdings 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 worth $7,784,000 after acquiring an additional 88,528 shares during the last quarter. Cascade Financial Partners LLC acquired a new stake in shares of Nuveen Sl Tfip during the second quarter worth about $902,000. Royal Bank of Canada boosted its position in 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 acquiring an additional 46,394 shares during the last quarter. Readystate Asset Management LP bought a new position in shares of Nuveen Sl Tfip during the second quarter worth about $324,000. Finally, NWF Advisory Services Inc. bought a new stake in shares of Nuveen Sl Tfip during the 1st quarter worth $313,000. 16.17% of the stock is currently owned by institutional investors and hedge funds.

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.