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%.
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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