Nuveen Preferred & Income Securities Fnd (NYSE:JPS) Stock Price Up 15%

Nuveen Preferred & Income Securities Fnd (NYSE:JPS) shares rose 15% during mid-day trading on Wednesday . The company traded as high as $6.26 and last traded at $7.13, approximately 292,912 shares were traded during trading. A decline of 77% from the average daily volume of 1,280,482 shares. The stock had previously closed at $6.20.

The stock has a 50-day moving average price of $9.02 and a 200-day moving average price of $9.76.

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be given a dividend of $0.056 per share. The ex-dividend date is Thursday, March 12th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 9.88%.

Several institutional investors and hedge funds have recently modified their holdings of the company. Danda Trouve Investment Management Inc. bought a new stake in Nuveen Preferred & Income Securities Fnd in the 4th quarter worth approximately $2,612,000. UBS Group AG lifted its position in Nuveen Preferred & Income Securities Fnd by 4.0% in the 4th quarter. UBS Group AG now owns 4,984,591 shares of the real estate investment trust’s stock worth $49,995,000 after buying an additional 190,120 shares during the last quarter. Landscape Capital Management L.L.C. bought a new stake in Nuveen Preferred & Income Securities Fnd in the 4th quarter worth approximately $1,618,000. Shaker Financial Services LLC lifted its position in Nuveen Preferred & Income Securities Fnd by 750.4% in the 4th quarter. Shaker Financial Services LLC now owns 136,060 shares of the real estate investment trust’s stock worth $1,365,000 after buying an additional 120,060 shares during the last quarter. Finally, Sunbelt Securities Inc. bought a new stake in Nuveen Preferred & Income Securities Fnd in the 3rd quarter worth approximately $739,000.

About Nuveen Preferred & Income Securities Fnd (NYSE:JPS)

Nuveen Preferred Securities Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Spectrum Asset Management, Inc It invests in the fixed income markets of the United States. The fund primarily invests in investment grade preferred debt securities, convertible debt securities, and convertible preferred securities that are rated BBB/Baa or better by S&P, Moody's, or Fitch.

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