Nuveen Preferred and Income ETF (NASDAQ:NPFI) Stock Price Up 0.1% – Here’s What Happened

Nuveen Preferred and Income ETF (NASDAQ:NPFI) shot up 0.1% during mid-day trading on Tuesday . The company traded as high as $25.98 and last traded at $25.96. 16,993 shares changed hands during trading, a decline of 34% from the average session volume of 25,790 shares. The stock had previously closed at $25.94.

Nuveen Preferred and Income ETF Stock Performance

The stock has a fifty day simple moving average of $26.00 and a 200-day simple moving average of $26.14.

Nuveen Preferred and Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, June 1st were paid a $0.1221 dividend. The ex-dividend date was Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%.

Institutional Trading of Nuveen Preferred and Income ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Arkadios Wealth Advisors acquired a new stake in shares of Nuveen Preferred and Income ETF in the first quarter valued at $223,000. MassMutual Private Wealth & Trust FSB bought a new position in Nuveen Preferred and Income ETF during the fourth quarter worth about $362,000. Finally, Integrated Wealth Concepts LLC bought a new position in Nuveen Preferred and Income ETF during the third quarter worth about $1,638,000.

Nuveen Preferred and Income ETF Company Profile

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.