Key Points
- Insider purchase: Young Robert acquired 22,848 shares of Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) at $13.15 each, investing approximately $300,451 and bringing direct ownership to 22,848 shares.
- Dividend and trading: NXP was trading at $13.31, up 0.6%, and announced a monthly dividend of $0.0535 per share, equivalent to an annualized $0.64 payout and a 4.8% yield.
- Institutional ownership: Several institutional investors recently established positions in the fund; institutional and hedge-fund investors collectively own 16.17% of its stock.
Nuveen Sl Tfip (NYSE:NXP - Get Free Report) insider Young Robert acquired 22,848 shares of the firm's stock in a transaction that occurred on Friday, October 23rd. The stock was purchased at an average cost of $13.15 per share, with a total value of $300,451.20. Following the purchase, the insider directly owned 22,848 shares in the company, valued at approximately $300,451.20. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Nuveen Sl Tfip Trading Up 0.6%
NYSE NXP opened at $13.31 on Wednesday. Nuveen Sl Tfip has a twelve month low of $12.87 and a twelve month high of $14.59. The firm's 50 day moving average price is $13.57 and its two-hundred day moving average price is $14.11.
Nuveen Sl Tfip Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be issued a $0.0535 dividend. The ex-dividend date is Thursday, October 15th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.8%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the business. Curry Webb Wealth Management LLC purchased a new position in shares of Nuveen Sl Tfip during the third quarter valued at $32,000. Ameritas Advisory Services LLC acquired a new position in Nuveen Sl Tfip during the second quarter valued at $45,000. Hilltop Holdings Inc. acquired a new position in Nuveen Sl Tfip during the first quarter valued at $149,000. Envestnet Asset Management Inc. purchased a new stake in Nuveen Sl Tfip in the 2nd quarter worth about $179,000. Finally, Summit Financial Wealth Advisors LLC purchased a new stake in Nuveen Sl Tfip in the 1st quarter worth about $186,000. Hedge funds and other institutional investors own 16.17% of the company's stock.
Nuveen Sl Tfip Company Profile
(
Get Free Report)
Nuveen Select Tax-Free Income Portfolio (NYSE: NXP) is a closed-end investment company managed by Nuveen, the investment management business of TIAA. The portfolio seeks to provide current income that is exempt from regular federal income tax.
The fund invests primarily in municipal securities issued by states, cities, and other governmental entities in the United States. Its holdings may include a range of tax-exempt bonds, including securities with varying maturities, credit qualities, and structures.
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