Nuveen Sl Tfip (NYSE:NXP) Declares Monthly Dividend of $0.05

Key Points

• Nuveen Select Tax-Free Income Portfolio (NYSE: NXP) declared a monthly dividend of $0.0535 per share, with the record/ex-dividend date on March 13 and payment on April 1, implying an annualized yield of about 4.4%.
• Shares traded at $14.54 with 69,685 shares exchanged (below the average volume of 172,802), 50‑day/200‑day moving averages of $14.27/$14.31, and a 52‑week range of $13.30–$14.65.
• Institutional investors own roughly 16.17% of the fund, with several managers (notably Guggenheim Capital) increasing stakes, and the closed‑end fund primarily invests in investment‑grade U.S. municipal bonds.

Nuveen Sl Tfip (NYSE:NXP - Get Free Report) declared a monthly dividend on Monday, March 2nd. Investors of record on Friday, March 13th will be paid a dividend of 0.0535 per share by the financial services provider on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Friday, March 13th.

Nuveen Sl Tfip Stock Performance

NYSE NXP traded down $0.00 on Wednesday, reaching $14.54. 69,685 shares of the company were exchanged, compared to its average volume of 172,802. The business's fifty day moving average price is $14.27 and its 200 day moving average price is $14.31. Nuveen Sl Tfip has a fifty-two week low of $13.30 and a fifty-two week high of $14.65.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Prospera Financial Services Inc increased its position in Nuveen Sl Tfip by 1.0% during the second quarter. Prospera Financial Services Inc now owns 197,536 shares of the financial services provider's stock worth $2,775,000 after purchasing an additional 2,018 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of Nuveen Sl Tfip by 16.5% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 21,893 shares of the financial services provider's stock valued at $308,000 after buying an additional 3,093 shares during the period. Plan Group Financial LLC acquired a new stake in shares of Nuveen Sl Tfip during the 2nd quarter worth approximately $232,000. Guggenheim Capital LLC increased its holdings in shares of Nuveen Sl Tfip by 30.6% during the 2nd quarter. Guggenheim Capital LLC now owns 822,807 shares of the financial services provider's stock worth $11,560,000 after buying an additional 193,000 shares during the last quarter. Finally, Capital Advisors Wealth Management LLC raised its position in shares of Nuveen Sl Tfip by 20.9% during the 2nd quarter. Capital Advisors Wealth Management LLC now owns 43,029 shares of the financial services provider's stock valued at $605,000 after buying an additional 7,428 shares during the period. Institutional investors and hedge funds own 16.17% of the company's stock.

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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