Nuveen Preferred and Income ETF (NASDAQ:NPFI) Increases Dividend to $0.14 Per Share

Nuveen Preferred and Income ETF (NASDAQ:NPFI) declared a monthly dividend on Monday, August 31st. Shareholders of record on Tuesday, September 1st will be paid a dividend of 0.1403 per share on Wednesday, September 2nd. This represents a c) annualized dividend and a yield of 6.5%. The ex-dividend date is Tuesday, September 1st. This is a 4.0% increase from Nuveen Preferred and Income ETF’s previous monthly dividend of $0.13.

Nuveen Preferred and Income ETF Stock Performance

Shares of Nuveen Preferred and Income ETF stock traded down $0.20 on Tuesday, reaching $25.74. 12,038 shares of the stock were exchanged, compared to its average volume of 21,912. The firm’s 50 day moving average is $25.95 and its 200-day moving average is $26.01. Nuveen Preferred and Income ETF has a one year low of $21.00 and a one year high of $26.61.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp acquired a new position in shares of Nuveen Preferred and Income ETF during the second quarter worth $107,000. Arkadios Wealth Advisors bought a new position in Nuveen Preferred and Income ETF during the 1st quarter worth approximately $223,000. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Nuveen Preferred and Income ETF in the 3rd quarter worth approximately $1,638,000.

Nuveen Preferred and Income ETF Company Profile

The Nuveen Preferred and Income ETF (NPFI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of institutional preferred securities and other income-producing debt securities primarily rated investment grade. The fund seeks a high level of current income and total return. NPFI was launched on Mar 5, 2024 and is issued by Nuveen.