United Asset Strategies buys $888,723 stake in Nuveen Quality Pref. Fund II (JPS)

Nuveen Quality Pref. Fund II (JPS) : United Asset Strategies scooped up 19,150 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 1, 2016. The investment management firm now holds a total of 93,060 shares of Nuveen Quality Pref. Fund II which is valued at $888,723.Nuveen Quality Pref. Fund II makes up approximately 0.32% of United Asset Strategies’s portfolio.

Other Hedge Funds, Including , Advisory Services Network reduced its stake in JPS by selling 1,926 shares or 7.09% in the most recent quarter. The Hedge Fund company now holds 25,228 shares of JPS which is valued at $241,937. Nuveen Quality Pref. Fund II makes up approx 0.05% of Advisory Services Network’s portfolio.Sigma Planning Corp boosted its stake in JPS in the latest quarter, The investment management firm added 16,519 additional shares and now holds a total of 84,999 shares of Nuveen Quality Pref. Fund II which is valued at $807,491. Nuveen Quality Pref. Fund II makes up approx 0.10% of Sigma Planning Corp’s portfolio.Hollencrest Securities reduced its stake in JPS by selling 2,588 shares or 19.62% in the most recent quarter. The Hedge Fund company now holds 10,601 shares of JPS which is valued at $102,088. Nuveen Quality Pref. Fund II makes up approx 0.02% of Hollencrest Securities’s portfolio.

Nuveen Quality Pref. Fund II opened for trading at $9.59 and hit $9.64 on the upside on Thursday, eventually ending the session at $9.62, with a gain of 0.73% or 0.07 points. The heightened volatility saw the trading volume jump to 4,51,086 shares. Company has a market cap of $1,149 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.

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