Nuveen Preferred and Income ETF (NASDAQ:NPFI) Declares Dividend Increase – $0.13 Per Share

Nuveen Preferred and Income ETF (NASDAQ:NPFI) declared a monthly dividend on Tuesday, March 31st, NASDAQ Dividends reports. Shareholders of record on Wednesday, April 1st will be paid a dividend of 0.1288 per share on Thursday, April 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date is Wednesday, April 1st. This is a 10.6% increase from Nuveen Preferred and Income ETF’s previous monthly dividend of $0.12.

Nuveen Preferred and Income ETF Stock Performance

Shares of Nuveen Preferred and Income ETF stock traded down $0.08 on Wednesday, hitting $25.69. 4,116 shares of the company’s stock traded hands, compared to its average volume of 28,810. Nuveen Preferred and Income ETF has a 52-week low of $24.71 and a 52-week high of $26.61. The firm’s 50-day moving average is $26.16 and its 200 day moving average is $26.27.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Nuveen Preferred and Income ETF stock. Integrated Wealth Concepts LLC purchased a new stake in Nuveen Preferred and Income ETF (NASDAQ:NPFI) in the third quarter, according to its most recent filing with the SEC. The fund purchased 61,824 shares of the company’s stock, valued at approximately $1,638,000. Integrated Wealth Concepts LLC owned about 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. NPFI was launched on Mar 5, 2024 and is issued by Nuveen.