Nuveen Preferred and Income ETF (NASDAQ:NPFI) Trading at $25.58

Nuveen Preferred and Income ETF (NASDAQ:NPFI) shares fell 0% on Tuesday. The company traded as low as $25.53 and last traded at $25.58. Approximately 76,909 shares traded hands during mid-day trading, an increase of 233% from the average daily volume of 23,090 shares. The stock had previously closed at $25.59.

Nuveen Preferred and Income ETF Price Performance

The company’s 50-day moving average is $25.82 and its two-hundred day moving average is $25.93.

Nuveen Preferred and Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Tuesday, September 1st were paid a $0.1403 dividend. This represents a $1.68 annualized dividend and a dividend yield of 6.6%. This is a boost from Nuveen Preferred and Income ETF’s previous monthly dividend of $0.1349. The ex-dividend date of this dividend was Tuesday, September 1st.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Nuveen Preferred and Income ETF stock. Bank of New York Mellon Corp purchased a new position in shares of Nuveen Preferred and Income ETF (NASDAQ:NPFI) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,540 shares of the company’s stock, valued at approximately $107,000. Bank of New York Mellon Corp owned approximately 0.20% 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.