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Nuveen Preferred Securities Income Fund (JPS)

NYSE - NYSE Delayed Price. Currency in USD
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8.97-0.06 (-0.66%)
At close: 04:00PM EST
8.89 -0.08 (-0.89%)
Pre-Market: 04:32AM EST
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  • Y
    Yahoo Finance Insights
    JPS reached a 52 Week low at 9.02
  • C
    Cliff
    What is going on with JPS three week freefall....Does JPS have a bottom?
  • I
    Imacowboy
    will JPS come back I'm wondering
  • d
    dale
    stocks go up until they invite selling, they go down until they invite buying. Is the the bottom? who knows but i am buying a few thousand shares today. Reinvest monthly dividends and forget the swings in the prices.
  • a
    alan
    this is a leveraged fund. The monthly div was cut 10% last month. Principal and div are not secure. Having said that, the yield is pretty good compared to plain vanilla preferreds like PFF. I hold a little of this and enjoy the monthly payout.My advice: Don't put too many eggs in this basket
  • f
    frank
    I bought at 9.50 and I hear that JPS often drops steeply in December. However this year might be different? People can't sell for s loss this year because SP is high. Also no concerns about fed raising rates anytime soon. Anyone think this year will be different and JPS will sustain through December?
  • N
    Nick
    JPS is trading at more than a 10% discount to NAV. It’s a value and it yields 7.70%. The preferreds in this lineup are quality financials. It makes little sense to be at such a steep discount. What a great buy this is for Income investors.
  • B
    Barebuttbob
    Not a bad fund, but always buy around Dec 15 each year when the price drops to low. JPS makes money on investments, most funds do not and hand back your own money!
  • F
    FirstSun
    In August, the Board of Trustees reauthorized an open-market share repurchase program that allowed the fund to repurchase up to approximately 10% of its outstanding shares. The fund managers need to act responsibly. Put down the lattes, sign out of Facebook and take a peek at the share price vs. NAV. A great fund manager would know how to use this rare opportunity to turn things around, increase shareholder value and make a name for themselves as well.
  • N
    Nick
    I just reviewed the lifetime premium/discount track record of this fund. It’s current at a 10.80% discount which is very steep compared to its average near 4%. These periods of big discounts normally correct back toward NAV. Today’s share price of $8.62 could easily be $9.67 which is the NAV. It’s never made sense to me why a closed end fund would trade so far off the true value.
  • V
    Vellala
    I am a retiree and holds good amount on this JPS for the income. Does anyone comment on the stability of this CEF.
  • C
    Charles
    had JPS just over 10 years now up over %180 , pretty happy with that !!!!
  • F
    FirstSun
    3 Ways to Cash in on Rising Rates (and Collect 7.4% Dividends) – Contrarian Outlook
    contrarianoutlook.com
  • J
    Jim
    Why did JPS market price drop so far in January. Was there an issue with any of the underlying assets?
  • Y
    YRWA
    like all other security, all is timing...
  • N
    Nick
    JPS is trading at a 12% discount to NAV. We are not in a financial crisis. It’s a bargain with an 8% monster yield.
  • O
    Open
    JPS is not a good long term investment. Over time, the nav will gradually decline and the fund will be liquidated once it gets to a certain low nav. This should only be an investment vehicle to weather the low interest rate environment. Dividends will always decline. Just look at its dividend history over the past 10 years.

    Once Wall Street is certain of higher rates, JPS will sink back down to the $4 range or lower.
    Neutral
  • b
    boomhauer9
    anyone know how to find the NAV for this closed end fund?
  • L
    LDog
    Had this ETF for 6 years. don't care about the share price, just keep the dividends coming. 6+% is decent. Not as good as USA but steady.
  • L
    LDog
    6 figure total dividend payouts over last 6 years. approx 10% yield. what's not to love?
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