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

Shares of Nuveen Preferred and Income ETF (NASDAQ:NPFI) fell 0.1% during trading on Thursday. The company traded as low as $25.05 and last traded at $25.08. 4,240 shares traded hands during trading, a decline of 83% from the average daily volume of 24,884 shares. The stock had previously closed at $25.10.

Nuveen Preferred and Income ETF Stock Down 0.1%

The firm has a fifty day moving average of $25.47 and a 200 day moving average of $25.82.

Nuveen Preferred and Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, October 2nd. Shareholders of record on Thursday, October 1st were issued a dividend of $0.1439 per share. The ex-dividend date of this dividend was Thursday, October 1st. This is an increase from Nuveen Preferred and Income ETF’s previous monthly dividend of $0.1403. This represents a $1.73 dividend on an annualized basis and a yield of 6.9%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Arkadios Wealth Advisors acquired a new stake in Nuveen Preferred and Income ETF during the 1st quarter worth $223,000. MassMutual Private Wealth & Trust FSB acquired a new stake in shares of Nuveen Preferred and Income ETF during the third quarter worth about $177,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Nuveen Preferred and Income ETF during the second quarter worth about $107,000.

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.