TCG Advisors LP lowered its position in shares of Nuveen Preferred & Income Securities Fnd (NYSE:JPS) by 35.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 11,286 shares of the real estate investment trust’s stock after selling 6,297 shares during the period. TCG Advisors LP’s holdings in Nuveen Preferred & Income Securities Fnd were worth $108,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in JPS. Enterprise Financial Services Corp acquired a new position in Nuveen Preferred & Income Securities Fnd in the second quarter worth approximately $28,000. TRUE Private Wealth Advisors acquired a new stake in shares of Nuveen Preferred & Income Securities Fnd during the 2nd quarter valued at $40,000. Parallel Advisors LLC acquired a new stake in shares of Nuveen Preferred & Income Securities Fnd during the 1st quarter valued at $68,000. Duncker Streett & Co. Inc. boosted its stake in shares of Nuveen Preferred & Income Securities Fnd by 45.3% during the 2nd quarter. Duncker Streett & Co. Inc. now owns 9,788 shares of the real estate investment trust’s stock worth $93,000 after acquiring an additional 3,053 shares in the last quarter. Finally, Resources Investment Advisors LLC. bought a new stake in shares of Nuveen Preferred & Income Securities Fnd during the 2nd quarter worth $105,000.

Shares of Nuveen Preferred & Income Securities Fnd stock traded up $0.03 on Wednesday, reaching $9.93. 4,480 shares of the company were exchanged, compared to its average volume of 569,867. The stock has a fifty day moving average price of $9.71 and a 200-day moving average price of $9.39. Nuveen Preferred & Income Securities Fnd has a fifty-two week low of $7.32 and a fifty-two week high of $9.91.

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be paid a $0.056 dividend. This represents a $0.67 annualized dividend and a yield of 6.77%. The ex-dividend date of this dividend is Thursday, September 12th.

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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