Nuveen Preferred Securities Income Fund (NYSE:JPS) Shares Pass Below Two Hundred Day Moving Average of $6.46

Nuveen Preferred Securities Income Fund (NYSE:JPS)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.46 and traded as low as $6.35. Nuveen Preferred Securities Income Fund shares last traded at $6.37, with a volume of 529,577 shares.

Nuveen Preferred Securities Income Fund Price Performance

The business’s 50 day moving average is $6.40 and its 200 day moving average is $6.46.

Nuveen Preferred Securities Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th were given a $0.038 dividend. The ex-dividend date of this dividend was Monday, August 14th. This represents a $0.46 annualized dividend and a dividend yield of 7.16%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Sit Investment Associates Inc. grew its stake in Nuveen Preferred Securities Income Fund by 24.4% during the 4th quarter. Sit Investment Associates Inc. now owns 6,674,460 shares of the real estate investment trust’s stock valued at $45,386,000 after acquiring an additional 1,309,642 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. purchased a new position in Nuveen Preferred Securities Income Fund during the second quarter valued at approximately $7,471,000. Rivernorth Capital Management LLC increased its stake in Nuveen Preferred Securities Income Fund by 9.7% in the 2nd quarter. Rivernorth Capital Management LLC now owns 9,411,228 shares of the real estate investment trust’s stock valued at $60,044,000 after buying an additional 834,150 shares during the period. UBS Group AG lifted its position in Nuveen Preferred Securities Income Fund by 17.9% in the 4th quarter. UBS Group AG now owns 3,385,466 shares of the real estate investment trust’s stock worth $23,021,000 after buying an additional 513,401 shares in the last quarter. Finally, Penserra Capital Management LLC boosted its stake in shares of Nuveen Preferred Securities Income Fund by 64.5% during the 1st quarter. Penserra Capital Management LLC now owns 1,259,267 shares of the real estate investment trust’s stock valued at $10,577,000 after buying an additional 493,729 shares during the period.

Nuveen Preferred Securities Income Fund Company Profile

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.