City of London Investment Management Co. Ltd. Lowers Stake in Nuveen Preferred & Income Securities Fnd (JPS)

City of London Investment Management Co. Ltd. cut its holdings in Nuveen Preferred & Income Securities Fnd (NYSE:JPS) by 10.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 793,908 shares of the real estate investment trust’s stock after selling 94,186 shares during the quarter. Nuveen Preferred & Income Securities Fnd comprises approximately 0.5% of City of London Investment Management Co. Ltd.’s portfolio, making the stock its 29th largest holding. City of London Investment Management Co. Ltd.’s holdings in Nuveen Preferred & Income Securities Fnd were worth $6,990,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. purchased a new stake in shares of Nuveen Preferred & Income Securities Fnd in the 1st quarter valued at approximately $264,000. Millennium Management LLC increased its position in shares of Nuveen Preferred & Income Securities Fnd by 406.2% in the 1st quarter. Millennium Management LLC now owns 85,456 shares of the real estate investment trust’s stock valued at $836,000 after purchasing an additional 68,575 shares during the last quarter. Royal Bank of Canada increased its position in shares of Nuveen Preferred & Income Securities Fnd by 73.5% in 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 purchasing an additional 89,520 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Nuveen Preferred & Income Securities Fnd by 2.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 635,238 shares of the real estate investment trust’s stock valued at $5,596,000 after purchasing an additional 15,508 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position in shares of Nuveen Preferred & Income Securities Fnd by 1.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 991,450 shares of the real estate investment trust’s stock valued at $8,735,000 after purchasing an additional 13,778 shares during the last quarter.

Shares of NYSE:JPS opened at $8.16 on Friday. Nuveen Preferred & Income Securities Fnd has a 52 week low of $8.14 and a 52 week high of $10.47.

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Thursday, November 15th will be given a $0.056 dividend. This represents a $0.67 dividend on an annualized basis and a dividend yield of 8.24%. The ex-dividend date of this dividend 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.

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

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