Prospera Financial Services Inc Reduces Stock Holdings in Nuveen Preferred & Income Securities Fnd (NYSE:JPS)

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Prospera Financial Services Inc decreased its position in Nuveen Preferred & Income Securities Fnd (NYSE:JPS) by 40.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,970 shares of the real estate investment trust’s stock after selling 27,825 shares during the period. Prospera Financial Services Inc’s holdings in Nuveen Preferred & Income Securities Fnd were worth $338,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Wedbush Securities Inc. increased its stake in Nuveen Preferred & Income Securities Fnd by 17.2% in the second quarter. Wedbush Securities Inc. now owns 173,955 shares of the real estate investment trust’s stock valued at $1,653,000 after acquiring an additional 25,470 shares during the last quarter. Raymond James & Associates grew its stake in shares of Nuveen Preferred & Income Securities Fnd by 18.0% during the first quarter. Raymond James & Associates now owns 294,453 shares of the real estate investment trust’s stock valued at $2,650,000 after buying an additional 44,883 shares during the last quarter. NEXT Financial Group Inc grew its stake in shares of Nuveen Preferred & Income Securities Fnd by 6,018.7% during the second quarter. NEXT Financial Group Inc now owns 45,156 shares of the real estate investment trust’s stock valued at $429,000 after buying an additional 44,418 shares during the last quarter. Lido Advisors LLC grew its stake in shares of Nuveen Preferred & Income Securities Fnd by 21.4% during the first quarter. Lido Advisors LLC now owns 23,700 shares of the real estate investment trust’s stock valued at $214,000 after buying an additional 4,172 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in shares of Nuveen Preferred & Income Securities Fnd by 1.9% during the second quarter. Commonwealth Equity Services LLC now owns 1,018,747 shares of the real estate investment trust’s stock valued at $9,678,000 after buying an additional 18,606 shares during the last quarter.

Shares of NYSE:JPS traded up $0.10 on Thursday, reaching $9.86. 3,451 shares of the company traded hands, compared to its average volume of 563,334. The business’s 50-day simple moving average is $9.72 and its 200 day simple moving average is $9.41. Nuveen Preferred & Income Securities Fnd has a 52 week low of $7.32 and a 52 week high of $9.99.

The company also recently announced a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be issued a dividend of $0.056 per share. The ex-dividend date is Thursday, September 12th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 6.82%.

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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