MML Investors Services LLC Purchases 26,529 Shares of Nuveen Preferred & Income Securities Fnd (NYSE:JPS)

MML Investors Services LLC lifted its stake in shares of Nuveen Preferred & Income Securities Fnd (NYSE:JPS) by 13.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 225,958 shares of the real estate investment trust’s stock after buying an additional 26,529 shares during the quarter. MML Investors Services LLC’s holdings in Nuveen Preferred & Income Securities Fnd were worth $2,034,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in JPS. Bank of Montreal Can increased its stake in Nuveen Preferred & Income Securities Fnd by 9,278.4% in the 1st quarter. Bank of Montreal Can now owns 495,181 shares of the real estate investment trust’s stock worth $4,456,000 after purchasing an additional 489,901 shares in the last quarter. BlackRock Inc. purchased a new position in Nuveen Preferred & Income Securities Fnd in the 4th quarter worth about $3,771,000. OLD Mission Capital LLC purchased a new position in Nuveen Preferred & Income Securities Fnd in the 4th quarter worth about $3,255,000. Millennium Management LLC grew its stake in Nuveen Preferred & Income Securities Fnd by 504.5% during the 4th quarter. Millennium Management LLC now owns 262,971 shares of the real estate investment trust’s stock valued at $2,177,000 after acquiring an additional 219,471 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in Nuveen Preferred & Income Securities Fnd by 15.4% during the 4th quarter. Bank of America Corp DE now owns 961,614 shares of the real estate investment trust’s stock valued at $7,962,000 after acquiring an additional 128,056 shares in the last quarter.

NYSE:JPS traded up $0.02 on Monday, hitting $9.52. 547,675 shares of the company’s stock traded hands, compared to its average volume of 610,118. Nuveen Preferred & Income Securities Fnd has a 1 year low of $7.32 and a 1 year high of $9.55. The firm’s 50-day simple moving average is $9.30.

The company also recently declared a monthly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be issued a dividend of $0.056 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.67 annualized dividend and a dividend yield of 7.06%.

About Nuveen Preferred & Income Securities Fnd

Nuveen Preferred Securities Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Spectrum Asset Management, Inc It invests in the fixed income markets of the United States. The fund primarily invests in investment grade preferred debt securities, convertible debt securities, and convertible preferred securities that are rated BBB/Baa or better by S&P, Moody's, or Fitch.

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Institutional Ownership by Quarter for Nuveen Preferred & Income Securities Fnd (NYSE:JPS)

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