Nuveen Preferred and Income ETF (NASDAQ:NPFI) Increases Dividend to $0.14 Per Share

Nuveen Preferred and Income ETF (NASDAQ:NPFI) announced a monthly dividend on Tuesday, June 30th, NASDAQ Dividends reports. Stockholders of record on Wednesday, July 1st will be given a dividend of 0.1356 per share on Thursday, July 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Wednesday, July 1st. This is a 11.1% increase from Nuveen Preferred and Income ETF’s previous monthly dividend of $0.12.

Nuveen Preferred and Income ETF Price Performance

Shares of NPFI stock traded down $0.15 during trading hours on Wednesday, reaching $26.00. 5,021 shares of the company’s stock were exchanged, compared to its average volume of 23,915. Nuveen Preferred and Income ETF has a 1 year low of $21.00 and a 1 year high of $26.61. The stock’s fifty day moving average price is $26.04 and its two-hundred day moving average price is $26.12.

Hedge Funds Weigh In On Nuveen Preferred and Income ETF

Large investors have recently made changes to their positions in the company. Arkadios Wealth Advisors acquired a new stake in Nuveen Preferred and Income ETF in the first quarter valued at approximately $223,000. MassMutual Private Wealth & Trust FSB acquired a new position in shares of Nuveen Preferred and Income ETF during the 4th quarter worth approximately $362,000. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Nuveen Preferred and Income ETF during the 3rd quarter valued at approximately $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.