Shares of Nuveen Preferred & Income Securities Fnd (NYSE:JPS) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $8.14 and last traded at $8.17, with a volume of 7008 shares traded. The stock had previously closed at $8.32.

The business also recently declared a monthly dividend, which will be paid on Monday, December 3rd. Investors of record on Thursday, November 15th will be paid a $0.056 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 8.22%.

Several large investors have recently modified their holdings of JPS. JPMorgan Chase & Co. bought a new stake in Nuveen Preferred & Income Securities Fnd during the first quarter valued at $264,000. Millennium Management LLC lifted its holdings in Nuveen Preferred & Income Securities Fnd by 406.2% in the first quarter. Millennium Management LLC now owns 85,456 shares of the real estate investment trust’s stock worth $836,000 after purchasing an additional 68,575 shares during the period. Royal Bank of Canada lifted its holdings in Nuveen Preferred & Income Securities Fnd by 73.5% in the first quarter. Royal Bank of Canada now owns 211,351 shares of the real estate investment trust’s stock worth $2,068,000 after purchasing an additional 89,520 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in Nuveen Preferred & Income Securities Fnd by 2.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 635,238 shares of the real estate investment trust’s stock worth $5,596,000 after purchasing an additional 15,508 shares during the period. Finally, Commonwealth Equity Services LLC lifted its holdings in Nuveen Preferred & Income Securities Fnd by 1.4% in the second quarter. Commonwealth Equity Services LLC now owns 991,450 shares of the real estate investment trust’s stock worth $8,735,000 after purchasing an additional 13,778 shares during the period.

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Nuveen Preferred & Income Securities Fnd Company Profile (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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