Bank of America Corp DE Increases Stake in Nuveen Sl Tfip $NXP

Key Points

• Bank of America increased its Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) stake by 19.5% in the first quarter, adding 88,528 shares to own 542,458 shares valued at approximately $7.8 million.
• Institutional investors and hedge funds collectively own 16.17% of NXP, while several other firms recently initiated or expanded positions.
• NXP shares traded at $14.23, near their 50- and 200-day moving averages, and the fund announced a monthly dividend of $0.0535 per share, representing an annualized yield of about 4.5%.

Bank of America Corp DE boosted its position in Nuveen Sl Tfip (NYSE:NXP - Free Report) by 19.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 542,458 shares of the financial services provider's stock after purchasing an additional 88,528 shares during the period. Bank of America Corp DE owned about 0.88% of Nuveen Sl Tfip worth $7,784,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its holdings in 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 buying an additional 2,079 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Nuveen Sl Tfip in the third quarter valued at about $58,000. Bayban purchased a new stake in shares of Nuveen Sl Tfip in the fourth quarter valued at about $62,000. International Assets Investment Management LLC acquired a new stake in shares of Nuveen Sl Tfip in the fourth quarter valued at approximately $73,000. Finally, Hilltop Holdings Inc. acquired a new position in shares of Nuveen Sl Tfip during the 1st quarter worth approximately $149,000. Institutional investors and hedge funds own 16.17% of the company's stock.

Nuveen Sl Tfip Trading Up 0.4%

Shares of NYSE:NXP opened at $14.23 on Wednesday. The business's fifty day moving average price is $14.30 and its two-hundred day moving average price is $14.30. Nuveen Sl Tfip has a one year low of $13.89 and a one year high of $14.65.

Nuveen Sl Tfip Announces Dividend

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

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.

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