Nuveen Quality Pref. Fund II (JPS) : Beacon Capital Management reduced its stake in Nuveen Quality Pref. Fund II by 4.72% during the most recent quarter end. The investment management company now holds a total of 5,050 shares of Nuveen Quality Pref. Fund II which is valued at $48,733 after selling 250 shares in Nuveen Quality Pref. Fund II , the firm said in a disclosure report filed with the SEC on Oct 11, 2016.
Other Hedge Funds, Including , Raymond James Trust N.a. reduced its stake in JPS by selling 358 shares or 2.1% in the most recent quarter. The Hedge Fund company now holds 16,705 shares of JPS which is valued at $161,203. Nuveen Quality Pref. Fund II makes up approx 0.01% of Raymond James Trust N.a.’s portfolio.Advisory Services Network boosted its stake in JPS in the latest quarter, The investment management firm added 22,448 additional shares and now holds a total of 47,676 shares of Nuveen Quality Pref. Fund II which is valued at $458,643. Nuveen Quality Pref. Fund II makes up approx 0.09% of Advisory Services Network’s portfolio.
Nuveen Quality Pref. Fund II closed down -0.17 points or -1.76% at $9.48 with 5,72,568 shares getting traded on Tuesday. Post opening the session at $9.64, the shares hit an intraday low of $9.48 and an intraday high of $9.6533 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
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.