Prospera Financial Services Inc buys $1,785,898 stake in Nuveen Quality Pref. Fund II (JPS)

Nuveen Quality Pref. Fund II (JPS) : Prospera Financial Services Inc scooped up 11,736 additional shares in Nuveen Quality Pref. Fund II during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 186,225 shares of Nuveen Quality Pref. Fund II which is valued at $1,785,898.Nuveen Quality Pref. Fund II makes up approximately 0.36% of Prospera Financial Services Inc’s portfolio.

Other Hedge Funds, Including , Wealthtrust Axiom boosted its stake in JPS in the latest quarter, The investment management firm added 6,152 additional shares and now holds a total of 18,835 shares of Nuveen Quality Pref. Fund II which is valued at $180,628. Nuveen Quality Pref. Fund II makes up approx 0.07% of Wealthtrust Axiom’s portfolio.Winslow Evans Crocker reduced its stake in JPS by selling 36,782 shares or 98.36% in the most recent quarter. The Hedge Fund company now holds 612 shares of JPS which is valued at $5,814.Next Financial Group Inc boosted its stake in JPS in the latest quarter, The investment management firm added 372 additional shares and now holds a total of 3,252 shares of Nuveen Quality Pref. Fund II which is valued at $31,317. Nuveen Quality Pref. Fund II makes up approx 0.01% of Next Financial Group Inc’s portfolio. Iowa State Bank added JPS to its portfolio by purchasing 2,300 company shares during the most recent quarter which is valued at $22,149. Nuveen Quality Pref. Fund II makes up approx 0.01% of Iowa State Bank’s portfolio.

Nuveen Quality Pref. Fund II opened for trading at $9.55 and hit $9.63 on the upside on Friday, eventually ending the session at $9.63, with a gain of 0.84% or 0.08 points. The heightened volatility saw the trading volume jump to 3,95,369 shares. Company has a market cap of $1,151 M.

Nuveen Quality Preferred Income Fund 2 (the Fund) is a closed-end management investment company. The Fund’s investment objective is high current income consistent with capital preservation. The Fund’s secondary investment objective is to enhance portfolio value. The Fund invests around 80% of its net assets in preferred securities; around 20% of its net assets in debt securities including convertible debt securities and convertible preferred securities and 100% of its total assets in securities that at the time of investment are of investment grade quality (BBB/Baa) which may include up to 10% in securities that are rated investment grade by at least one nationally recognized statistical rating organization. The Fund invests in sectors such as banks insurance capital markets real estate investment trust electric utilities wireless telecommunication services and others. The Fund’s investment advisor and fund manager is Nuveen Fund Advisors LLC.

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