Nuveen Preferred and Income ETF (NASDAQ:NPFI) Shares Down 0.1% – Time to Sell?

Shares of Nuveen Preferred and Income ETF (NASDAQ:NPFI) were down 0.1% during trading on Monday . The company traded as low as $25.87 and last traded at $25.88. 19,482 shares traded hands during mid-day trading, a decline of 14% from the average daily volume of 22,643 shares. The stock had previously closed at $25.90.

Nuveen Preferred and Income ETF Stock Down 0.1%

The stock’s 50 day simple moving average is $25.98 and its two-hundred day simple moving average is $26.04.

Nuveen Preferred and Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, August 4th. Investors of record on Monday, August 3rd were issued a $0.1349 dividend. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend was Monday, August 3rd.

Hedge Funds Weigh In On Nuveen Preferred and Income ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NPFI. Bank of New York Mellon Corp purchased a new stake in Nuveen Preferred and Income ETF in the 2nd quarter valued at $107,000. Arkadios Wealth Advisors purchased a new position in shares of Nuveen Preferred and Income ETF during the 1st quarter worth $223,000. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Nuveen Preferred and Income ETF during the 3rd quarter worth $1,638,000.

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.