Bank of America Corp DE Buys 128,056 Shares of Nuveen Preferred & Income Securities Fnd (JPS)

Bank of America Corp DE increased its stake in Nuveen Preferred & Income Securities Fnd (NYSE:JPS) by 15.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 961,614 shares of the real estate investment trust’s stock after buying an additional 128,056 shares during the quarter. Bank of America Corp DE’s holdings in Nuveen Preferred & Income Securities Fnd were worth $7,962,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Shulman DeMeo Asset Management LLC acquired a new stake in shares of Nuveen Preferred & Income Securities Fnd in the fourth quarter valued at about $1,060,000. Advisor Group Inc. grew its stake in shares of Nuveen Preferred & Income Securities Fnd by 32.3% in the fourth quarter. Advisor Group Inc. now owns 292,431 shares of the real estate investment trust’s stock valued at $2,420,000 after buying an additional 71,386 shares in the last quarter. Questar Asset Management Inc. acquired a new stake in shares of Nuveen Preferred & Income Securities Fnd in the fourth quarter valued at about $108,000. Creative Planning grew its stake in shares of Nuveen Preferred & Income Securities Fnd by 55.4% in the fourth quarter. Creative Planning now owns 55,216 shares of the real estate investment trust’s stock valued at $457,000 after buying an additional 19,675 shares in the last quarter. Finally, Greatmark Investment Partners Inc. grew its stake in shares of Nuveen Preferred & Income Securities Fnd by 10.8% in the fourth quarter. Greatmark Investment Partners Inc. now owns 385,873 shares of the real estate investment trust’s stock valued at $3,195,000 after buying an additional 37,483 shares in the last quarter.

Shares of NYSE JPS opened at $9.23 on Wednesday. Nuveen Preferred & Income Securities Fnd has a fifty-two week low of $7.32 and a fifty-two week high of $9.52.

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be paid a dividend of $0.056 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.67 dividend on an annualized basis and a yield of 7.28%.

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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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