Dividend Action: Nov 1, 2016 is the day that Nuveen Quality Preferred Income Fund 2 (NYSE:JPS) claims $0.06 dividends could be paid.

Dividend Action: Nov 1, 2016 is the day that Nuveen Quality Preferred Income Fund 2 (NYSE:JPS) claims $0.06 dividends could be paid.

Nuveen Quality Preferred Income Fund 2 (NYSE:JPS) is expected to pay $0.06 on Nov 1, 2016. The indicated annual dividend is $1.09. Shareholders owning the stock before Oct 12, 2016 will be eligible to receive the payout. Based on Nuveen Quality Preferred Income Fund 2’s current price of $9.65, the dividend is 0.64%. This dividend’s record date is Oct 14, 2016 and the announcement date is Oct 6, 2016. The stock increased 0.31% or $0.03 on October 10, hitting $9.65. Nuveen Preferred Securities Income Fund (NYSE:JPS) has risen 6.98% since March 8, 2016 and is uptrending. It has underperformed by 2.33% the S&P500.

Nuveen Preferred Securities Income Fund, formerly Nuveen Quality Preferred Income Fund 2, is a closed-end management investment company. The company has a market cap of $1.17 billion. The Fund’s investment objective is high current income consistent with capital preservation. It currently has negative earnings. The Fund’s secondary investment objective is to enhance portfolio value.

Insitutional Activity: The institutional sentiment increased to 4.48 in 2016 Q2. Its up 3.53, from 0.95 in 2016Q1. The ratio increased, as 10 funds sold all Nuveen Preferred Securities Income Fund shares owned while 11 reduced positions. 43 funds bought stakes while 51 increased positions. They now own 39.59 million shares or 222.94% more from 12.26 million shares in 2016Q1.
Bb&T Securities Limited Liability Com reported 24,151 shares or 0% of all its holdings. Wfg Advsrs L P, a Texas-based fund reported 29,500 shares. Advisory Svcs Network Limited Liability Com has 0.05% invested in the company for 25,228 shares. The New York-based Horizon Kinetics Ltd has invested 0.04% in Nuveen Preferred Securities Income Fund (NYSE:JPS). Livingston Grp Asset Management (Operating As Southport Cap Management) last reported 55,305 shares in the company. Drexel Morgan holds 10,835 shares or 0.11% of its portfolio. Signalpoint Asset Lc owns 27,275 shares or 0.11% of their US portfolio. Scotia Cap last reported 0.01% of its portfolio in the stock. Sei Investments Co accumulated 3,900 shares or 0% of the stock. The Washington-based Tradewinds Cap Mgmt Ltd has invested 0% in Nuveen Preferred Securities Income Fund (NYSE:JPS). Comm National Bank has invested 0% of its portfolio in Nuveen Preferred Securities Income Fund (NYSE:JPS). Stifel has 0% invested in the company for 69,731 shares. Green Square Capital has 0.04% invested in the company for 16,060 shares. Krasney Fincl Lc holds 52,206 shares or 0.11% of its portfolio. Moreover, Greatmark Investment Prtnrs Inc has 1.29% invested in Nuveen Preferred Securities Income Fund (NYSE:JPS) for 312,083 shares.

JPS Company Profile

Nuveen Quality Preferred Income Fund II (the Fund) is a non-diversified, closed-end management investment company. The Fund intends to invest in a portfolio of preferred securities, debt securities, including convertible debt securities and convertible preferred securities.

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