Nuveen Preferred and Income ETF (NASDAQ:NPFI) Trading 0% Higher – Here’s Why

Nuveen Preferred and Income ETF (NASDAQ:NPFI) was up 0% during mid-day trading on Thursday . The stock traded as high as $26.28 and last traded at $26.27. Approximately 5,824 shares were traded during trading, a decline of 70% from the average daily volume of 19,505 shares. The stock had previously closed at $26.26.

Nuveen Preferred and Income ETF Stock Performance

The business has a 50-day moving average of $26.28 and a two-hundred day moving average of $26.23.

Nuveen Preferred and Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, December 19th. Stockholders of record on Thursday, December 18th were given a $0.243 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 11.1%. The ex-dividend date of this dividend was Thursday, December 18th. This is an increase from Nuveen Preferred and Income ETF’s previous monthly dividend of $0.13.

Institutional Investors Weigh In On Nuveen Preferred and Income ETF

A hedge fund recently bought a new stake in Nuveen Preferred and Income ETF stock. MassMutual Private Wealth & Trust FSB purchased a new position in shares of Nuveen Preferred and Income ETF (NASDAQ:NPFI) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 13,836 shares of the company’s stock, valued at approximately $362,000. MassMutual Private Wealth & Trust FSB owned approximately 0.28% of Nuveen Preferred and Income ETF at the end of the most recent quarter.

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.