FMP
Nuveen Preferred Securities Income Fund
JPS
NYSE
Inactive Equity
Nuveen Preferred Securities Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Spectrum Asset Management, Inc. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade preferred debt securities, convertible debt securities, and convertible preferred securities that are rated BBB/Baa or better by S&P, Moody's, or Fitch. It was formerly known as Nuveen Quality Preferred Income Fund 2. Nuveen Preferred Securities Income Fund was formed on June 24, 2002 and is domiciled in the United States.
6.21 USD
0.01 (0.161%)
Historical Prices
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About
ceo
Mr. Mark Alan Lieb
sector
Financial Services
industry
Asset Management - Income
exchange
NYSE
Description
Nuveen Preferred Securities Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Spectrum Asset Management, Inc. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade preferred debt securities, convertible debt securities, and convertible preferred securities that are rated BBB/Baa or better by S&P, Moody's, or Fitch. It was formerly known as Nuveen Quality Preferred Income Fund 2. Nuveen Preferred Securities Income Fund was formed on June 24, 2002 and is domiciled in the United States.
CIK
0001176433
ISIN
US67072C1053
CUSIP
67072C105
Address
2 High Ridge Park
Phone
203-322-0189
Country
US
Employee
0
IPO Date
Sep 24, 2002
Financial Statement
Earnings
JPS Financial Summary
CIK
0001176433
Exchange
NYSE
Industry
Asset Management - I...
Sector
Financial Services
CUSIP
67072C105
ISIN
US67072C1053
Country
US
Price
6.21
Beta
0.86
Volume Avg.
711.22k
Market Cap
1.28B
Shares
-
52-Week
5.8-7.7086
DCF
0
ROE
-
ROA
-
Operating Margin
-
Debt/Equity
-
P/E
-9.41
P/B
-
Website
https://www.nuveen.com/CEF/Product/Overview.aspx?f...
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Financial Modelling
Discounted Cashflow Model
Discounted Cashflow Model Levered
Free Cashflow Build-Up
Terminal Value
Intrinsic Value
Weighted Average Cost of Capital
Market Information
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Latest JPS News
Seeking Alpha
Sep 25, 2023
JPS: Positioned For Stable To Rising Rates, Distribution Sus...
Nuveen Preferred & Income Securities Fund offers a high level of current income with a 7.34% yield, higher than money market funds. The fund has experienced disappointing performance, with shares down 2.66% since July, but distributions have offset some losses. The fund's asset allocation is more heavily weighted towards bonds than preferred stocks, which may be a strategy to preserve capital in the event of further rate hikes.
Seeking Alpha
Jul 18, 2023
JPC Is About To Absorb JPS And JPT: What That Means
Nuveen has announced plans to merge the Nuveen Preferred Securities Income Fund and Nuveen Preferred and Income Fund into the Nuveen Preferred & Income Opportunities Fund. I briefly review each CEF, including how they invest currently. I then combined their holdings to come up with my pro forma of what JPC will look like post-merger. I provide actionable paths forward for holders of each of the three CEFs. In short, stay the course.
Seeking Alpha
May 24, 2023
The Seven Deadly Sins Of Regional Banks And Preferred CEF In...
Bank securities and preferred CEFs have been some of the livelier parts of the income market in the last few months. In some of the hysteria, however, it's easy to lose sight of the facts and misinterpret the relationship between regional banks and preferred CEFs.
Seeking Alpha
Apr 20, 2023
JPS: CEF Merger Arbitrage Opportunity
JPS: CEF Merger Arbitrage Opportunity.
Seeking Alpha
Apr 19, 2023
PCEF: A 9% Yield ETF With A Concerning Track Record
PCEF: A 9% Yield ETF With A Concerning Track Record
Seeking Alpha
Apr 11, 2023
Preferred Closed-End Funds: Out Of The Frying Pan Into The F...
Today, I wanted to take a broader look at the preferred closed-end fund space. After struggling for most of the last year due to rapidly-rising interest rates, the latest banking failures sent preferred CEFs spiraling.
Seeking Alpha
Apr 7, 2023
JPS: Moving Back To Hold After The Drawdown
The Nuveen Preferred & Income Securities Fund is a closed-end fund from Nuveen that focuses on preferred shares. We gave the CEF a Sell rating at the beginning of the regional banks' crisis, expecting a -10% drawdown.
Seeking Alpha
Mar 11, 2023
JPS: High Concentration To Regional Bank Preferred Securitie...
JPS is a fixed income closed end fund from the Nuveen family. The CEF has a high concentration to national and regional banks' preferred equities.
