Edge Wealth Management LLC Increases Position in Nuveen Preferred & Income Securities Fnd (JPS)

Edge Wealth Management LLC increased its holdings in shares of Nuveen Preferred & Income Securities Fnd (NYSE:JPS) by 57.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 48,130 shares of the real estate investment trust’s stock after acquiring an additional 17,600 shares during the period. Edge Wealth Management LLC’s holdings in Nuveen Preferred & Income Securities Fnd were worth $399,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. NINE MASTS CAPITAL Ltd boosted its position in Nuveen Preferred & Income Securities Fnd by 85.9% during the 3rd quarter. NINE MASTS CAPITAL Ltd now owns 353,100 shares of the real estate investment trust’s stock worth $3,107,000 after purchasing an additional 163,200 shares during the period. Morgan Stanley boosted its position in Nuveen Preferred & Income Securities Fnd by 8.1% during the 3rd quarter. Morgan Stanley now owns 2,989,230 shares of the real estate investment trust’s stock worth $26,306,000 after purchasing an additional 224,383 shares during the period. Rivernorth Capital Management LLC purchased a new stake in Nuveen Preferred & Income Securities Fnd during the 3rd quarter worth $1,240,000. Mutual Advisors LLC purchased a new stake in Nuveen Preferred & Income Securities Fnd during the 3rd quarter worth $162,000. Finally, Envestnet Asset Management Inc. purchased a new stake in Nuveen Preferred & Income Securities Fnd during the 3rd quarter worth $597,000.

Shares of Nuveen Preferred & Income Securities Fnd stock opened at $8.46 on Friday. Nuveen Preferred & Income Securities Fnd has a twelve month low of $7.32 and a twelve month high of $10.11.

The firm also recently declared a monthly dividend, which will be paid on Friday, February 1st. Investors of record on Tuesday, January 15th will be given a dividend of $0.056 per share. The ex-dividend date is Monday, January 14th. This represents a $0.67 dividend on an annualized basis and a yield of 7.94%.

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Nuveen Preferred & Income Securities Fnd 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.

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

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