Stratos Wealth Partners LTD. Boosts Stake in Nuveen Preferred & Income Securities Fnd (JPS)

Stratos Wealth Partners LTD. grew its stake in shares of Nuveen Preferred & Income Securities Fnd (NYSE:JPS) by 4.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 155,557 shares of the real estate investment trust’s stock after buying an additional 6,696 shares during the period. Stratos Wealth Partners LTD.’s holdings in Nuveen Preferred & Income Securities Fnd were worth $1,369,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of JPS. Oxbow Advisors LLC purchased a new stake in shares of Nuveen Preferred & Income Securities Fnd during the 2nd quarter valued at $3,510,000. NINE MASTS CAPITAL Ltd purchased a new stake in shares of Nuveen Preferred & Income Securities Fnd during the 2nd quarter valued at $1,673,000. OTA Financial Group L.P. purchased a new stake in shares of Nuveen Preferred & Income Securities Fnd during the 2nd quarter valued at $1,193,000. Cambridge Investment Research Advisors Inc. raised its position in shares of Nuveen Preferred & Income Securities Fnd by 28.3% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 560,301 shares of the real estate investment trust’s stock valued at $4,936,000 after buying an additional 123,712 shares in the last quarter. Finally, Royal Bank of Canada raised its position in shares of Nuveen Preferred & Income Securities Fnd by 73.5% during the 1st quarter. Royal Bank of Canada now owns 211,351 shares of the real estate investment trust’s stock valued at $2,068,000 after buying an additional 89,520 shares in the last quarter.

Nuveen Preferred & Income Securities Fnd stock opened at $8.55 on Friday. Nuveen Preferred & Income Securities Fnd has a fifty-two week low of $8.26 and a fifty-two week high of $10.47.

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Thursday, November 15th will be given a dividend of $0.056 per share. This represents a $0.67 annualized dividend and a dividend yield of 7.86%. The ex-dividend date is Wednesday, November 14th.

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About Nuveen Preferred & Income Securities Fnd

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.

See Also: Cost of Debt

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Institutional Ownership by Quarter for Nuveen Preferred & Income Securities Fnd (NYSE:JPS)

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