North Ground Capital Makes New $3.47 Billion Investment in Nuveen Sl Tfip $NXP

Key Points

• North Ground Capital acquired 323,680 shares of Nuveen Select Tax-Free Income Portfolio during the second quarter, worth approximately $3.47 billion. The position represents 4.2% of the fund’s portfolio and 0.51% of NXP’s outstanding shares.
• Institutional investors own 16.17% of Nuveen Select Tax-Free Income Portfolio, with several firms reporting new stakes in recent quarters.
• Nuveen Select Tax-Free Income Portfolio announced a monthly dividend of $0.0535 per share, implying an annualized yield of about 4.5%; shares recently traded at $14.19.

North Ground Capital acquired a new position in Nuveen Sl Tfip (NYSE:NXP - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 323,680 shares of the financial services provider's stock, valued at approximately $3,469,850,000. Nuveen Sl Tfip comprises 4.2% of North Ground Capital's portfolio, making the stock its 10th biggest position. North Ground Capital owned 0.51% of Nuveen Sl Tfip at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. bought a new position in shares of Nuveen Sl Tfip during the 2nd quarter valued at $47,000. Advisory Services Network LLC purchased a new position in Nuveen Sl Tfip in the 3rd quarter worth $58,000. Bayban bought a new stake in Nuveen Sl Tfip in the fourth quarter worth $62,000. International Assets Investment Management LLC bought a new stake in Nuveen Sl Tfip in the fourth quarter worth $73,000. Finally, Occidental Asset Management LLC bought a new stake in Nuveen Sl Tfip in the second quarter worth $126,000. Hedge funds and other institutional investors own 16.17% of the company's stock.

Nuveen Sl Tfip Stock Performance

NYSE NXP opened at $14.19 on Monday. The company has a 50-day simple moving average of $14.30 and a two-hundred day simple moving average of $14.30. Nuveen Sl Tfip has a 12-month low of $13.89 and a 12-month high of $14.65.

Nuveen Sl Tfip Dividend Announcement

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

About Nuveen Sl Tfip

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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