Nuveen Sl Tfip (NYSE:NXP) Sees Unusually-High Trading Volume – Here’s Why

Shares of Nuveen Sl Tfip (NYSE:NXP) saw an uptick in trading volume on Tuesday . 607,925 shares were traded during mid-day trading, an increase of 279% from the previous session’s volume of 160,255 shares.The stock last traded at $14.0990 and had previously closed at $14.23.

Nuveen Sl Tfip Trading Down 1.4%

The firm’s fifty day moving average price is $14.35 and its two-hundred day moving average price is $14.31.

Nuveen Sl Tfip Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, May 1st. Investors of record on Wednesday, April 15th will be paid a dividend of $0.0535 per share. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Wednesday, April 15th.

Institutional Investors Weigh In On Nuveen Sl Tfip

A number of hedge funds have recently added to or reduced their stakes in NXP. Northwestern Mutual Wealth Management Co. raised its position in shares of Nuveen Sl Tfip by 116.9% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,857 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 2,079 shares during the period. Advisory Services Network LLC bought a new stake in Nuveen Sl Tfip during the 3rd quarter valued at $58,000. Bayban bought a new stake in Nuveen Sl Tfip during the 4th quarter valued at $62,000. International Assets Investment Management LLC acquired a new position in Nuveen Sl Tfip during the fourth quarter worth $73,000. Finally, D.A. Davidson & CO. raised its holdings in Nuveen Sl Tfip by 14.1% during the fourth quarter. D.A. Davidson & CO. now owns 12,248 shares of the financial services provider’s stock worth $173,000 after buying an additional 1,510 shares during the last quarter. Institutional investors and hedge funds own 16.17% of the company’s stock.

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.