Nuveen Preferred Securities Income Fund (NYSE:JPS) Shares Cross Below Two Hundred Day Moving Average of $6.27

Nuveen Preferred Securities Income Fund (NYSE:JPS)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.27 and traded as low as $6.21. Nuveen Preferred Securities Income Fund shares last traded at $6.21, with a volume of 2,995,700 shares.

Nuveen Preferred Securities Income Fund Stock Up 0.2 %

The stock has a 50 day moving average of $6.10 and a 200 day moving average of $6.27.

Nuveen Preferred Securities Income Fund Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 3rd will be paid a $0.036 dividend. This represents a $0.43 dividend on an annualized basis and a dividend yield of 6.96%. The ex-dividend date is Thursday, November 2nd.

Hedge Funds Weigh In On Nuveen Preferred Securities Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in JPS. Householder Group Estate & Retirement Specialist LLC acquired a new position in Nuveen Preferred Securities Income Fund in the third quarter valued at approximately $29,000. Harbour Investments Inc. lifted its stake in Nuveen Preferred Securities Income Fund by 96.2% in the second quarter. Harbour Investments Inc. now owns 4,700 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 2,304 shares during the period. NBC Securities Inc. acquired a new position in Nuveen Preferred Securities Income Fund in the third quarter valued at approximately $30,000. Bessemer Group Inc. acquired a new position in Nuveen Preferred Securities Income Fund in the first quarter valued at approximately $33,000. Finally, Benjamin F. Edwards & Company Inc. acquired a new position in Nuveen Preferred Securities Income Fund in the second quarter valued at approximately $34,000.

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.