Nuveen Preferred and Income ETF (NASDAQ:NPFI) Stock Price Down 0% – Here’s Why

Shares of Nuveen Preferred and Income ETF (NASDAQ:NPFIGet Free Report) were down 0% during mid-day trading on Wednesday . The company traded as low as $25.95 and last traded at $25.97. Approximately 9,070 shares traded hands during trading, a decline of 61% from the average daily volume of 23,297 shares. The stock had previously closed at $25.98.

Nuveen Preferred and Income ETF Price Performance

The company has a 50 day simple moving average of $26.01 and a 200-day simple moving average of $26.09.

Nuveen Preferred and Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, July 2nd. Investors of record on Wednesday, July 1st were given a $0.1356 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 6.3%. This is a boost from Nuveen Preferred and Income ETF’s previous monthly dividend of $0.12.

Institutional Investors Weigh In On Nuveen Preferred and Income ETF

An institutional investor recently bought a new stake in Nuveen Preferred and Income ETF stock. Integrated Wealth Concepts LLC purchased a new stake in shares of Nuveen Preferred and Income ETF (NASDAQ:NPFIFree Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 61,824 shares of the company’s stock, valued at approximately $1,638,000. Integrated Wealth Concepts LLC owned about 2.42% of Nuveen Preferred and Income ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

About Nuveen Preferred and Income ETF

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The Nuveen Preferred and Income ETF (NPFI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of institutional preferred securities and other income-producing debt securities primarily rated investment grade. The fund seeks a high level of current income and total return. NPFI was launched on Mar 5, 2024 and is issued by Nuveen.

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