Shares of Nuveen Preferred and Income ETF (NASDAQ:NPFI – Get 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
About Nuveen Preferred and Income ETF
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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