Nuveen Sl Tfip (NYSE:NXP) Shares Cross Below Fifty Day Moving Average - Here's Why

Key Points

• Nuveen Select Tax-Free Income Portfolio (NXP) crossed below its 50-day moving average
• The fund declared a monthly dividend of $0.0535 per share (ex‑dividend and record date April 15, payable May 1), implying an approximately 4.5% annualized yield.
• Several institutions raised or opened positions—including Stephens Inc., Guggenheim Capital and VanEck—while institutional and hedge fund ownership stands at about 16.17%.

Nuveen Sl Tfip (NYSE:NXP - )'s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $14.34 and traded as low as $13.93. Nuveen Sl Tfip shares last traded at $14.1850, with a volume of 129,091 shares changing hands.

Nuveen Sl Tfip Price Performance

The stock has a fifty day simple moving average of $14.34 and a 200-day simple moving average of $14.32.

Nuveen Sl Tfip Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, May 1st. Shareholders of record on Wednesday, April 15th will be issued a $0.0535 dividend. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 4.5%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of NXP. Stephens Inc. AR lifted its holdings in Nuveen Sl Tfip by 16.2% in the fourth quarter. Stephens Inc. AR now owns 576,303 shares of the financial services provider's stock valued at $8,126,000 after acquiring an additional 80,180 shares during the period. Guggenheim Capital LLC lifted its holdings in Nuveen Sl Tfip by 6.7% in the fourth quarter. Guggenheim Capital LLC now owns 1,014,022 shares of the financial services provider's stock valued at $14,298,000 after acquiring an additional 63,825 shares during the period. McMillan Office Inc. acquired a new position in shares of Nuveen Sl Tfip during the 4th quarter worth approximately $733,000. Van ECK Associates Corp raised its stake in shares of Nuveen Sl Tfip by 19.7% during the 4th quarter. Van ECK Associates Corp now owns 267,284 shares of the financial services provider's stock worth $3,769,000 after buying an additional 43,926 shares during the period. Finally, Stronghold Wealth Management L.L.C. acquired a new position in shares of Nuveen Sl Tfip during the 4th quarter worth approximately $463,000. 16.17% of the stock is owned by institutional investors and hedge funds.

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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