Nuveen Quality Preferred Income Fund 2 (NYSE:JPS) : Wednesdays money flow points at investors jumping to buy the stock on the weakness of price. $2.48 million worth of transactions were on upticks, whereas, the downticks accounted for $1.3 million worth of transactions. The net money flow was a positive $1.18 million and the uptick to downtick ratio was 1.9. The net money flow into the stock was $0.01 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $0.01 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Nuveen Quality Preferred Income Fund 2 (NYSE:JPS) was trading at $9.22, down $0.1 during day. The stock slid -1.07% over the previous days close. For the week, the stock recorded -1.71% over the previous weeks close.
Nuveen Quality Preferred Income Fund 2 (NYSE:JPS): The stock opened at $9.32 on Wednesday but the bulls could not build on the opening and the stock topped out at $9.35 for the day. The stock traded down to $9.20 during the day, due to lack of any buying support eventually closed down at $9.22 with a loss of -1.07% for the day. The stock had closed at $9.32 on the previous day. The total traded volume was 846,799 shares.
Nuveen Quality Preferred Income Fund 2 (the Fund) is a closed-end management investment company. The Funds investment objective is high current income consistent with capital preservation. The Funds 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 Funds investment advisor and fund manager is Nuveen Fund Advisors, LLC.