Nuveen Preferred and Income ETF (NPFI) to Issue Monthly Dividend of $0.24 on December 19th

Nuveen Preferred and Income ETF (NASDAQ:NPFI) announced a monthly dividend on Wednesday, December 17th. Shareholders of record on Thursday, December 18th will be paid a dividend of 0.243 per share on Friday, December 19th. This represents a c) dividend on an annualized basis and a yield of 11.2%. The ex-dividend date of this dividend is Thursday, December 18th. This is a 84.0% increase from Nuveen Preferred and Income ETF’s previous monthly dividend of $0.13.

Nuveen Preferred and Income ETF Stock Performance

NASDAQ NPFI opened at $26.13 on Friday. The company’s fifty day moving average is $26.34 and its two-hundred day moving average is $26.19. Nuveen Preferred and Income ETF has a 52-week low of $24.71 and a 52-week high of $26.61.

Hedge Funds Weigh In On Nuveen Preferred and Income ETF

A hedge fund recently bought a new stake in Nuveen Preferred and Income ETF stock. Integrated Wealth Concepts LLC acquired a new position in Nuveen Preferred and Income ETF (NASDAQ:NPFI) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 61,824 shares of the company’s stock, valued at approximately $1,638,000. Integrated Wealth Concepts LLC owned 2.42% 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.