Nuveen Quality Pref. Fund II (JPS) : Us Financial Advisors scooped up 514 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 Aug 12, 2016. The investment management firm now holds a total of 21,563 shares of Nuveen Quality Pref. Fund II which is valued at $207,220.Nuveen Quality Pref. Fund II makes up approximately 0.39% of Us Financial Advisors’s portfolio.
Other Hedge Funds, Including , Wfg Advisors Lp boosted its stake in JPS in the latest quarter, The investment management firm added 5,520 additional shares and now holds a total of 29,500 shares of Nuveen Quality Pref. Fund II which is valued at $283,495. Nuveen Quality Pref. Fund II makes up approx 0.07% of Wfg Advisors Lp’s portfolio. Assetmark Inc added JPS to its portfolio by purchasing 2,367 company shares during the most recent quarter which is valued at $22,794.Msi Financial Services Inc reduced its stake in JPS by selling 28,311 shares or 30.3% in the most recent quarter. The Hedge Fund company now holds 65,128 shares of JPS which is valued at $624,578. Nuveen Quality Pref. Fund II makes up approx 0.02% of Msi Financial Services Inc’s portfolio.Gradient Investments reduced its stake in JPS by selling 1 shares or 2.04% in the most recent quarter. The Hedge Fund company now holds 48 shares of JPS which is valued at $456.
Nuveen Quality Pref. Fund II opened for trading at $9.58 and hit $9.61 on the upside on Monday, eventually ending the session at $9.59, with a gain of 0.21% or 0.02 points. The heightened volatility saw the trading volume jump to 5,28,773 shares. Company has a market cap of $1,146 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.