Nuveen Preferred and Income ETF (NASDAQ:NPFI) Shares Down 0.1% – Here’s What Happened

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. Approximately 19,482 shares changed hands during trading, a decline of 14% from the average session 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 moving average is $25.98 and its two-hundred day moving average is $26.04.

Nuveen Preferred and Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, August 4th. Shareholders of record on Monday, August 3rd were issued a dividend of $0.1349 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%.

Institutional Trading of Nuveen Preferred and Income ETF

A number of institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp acquired a new position in Nuveen Preferred and Income ETF in the 2nd quarter valued at $107,000. Arkadios Wealth Advisors purchased a new stake in shares of Nuveen Preferred and Income ETF during the first quarter worth $223,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of Nuveen Preferred and Income ETF in the third quarter valued at 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.