Beacon Capital Management Lowers stake in Nuveen Quality Pref. Fund II (JPS)

Nuveen Quality Pref. Fund II (JPS) : Beacon Capital Management reduced its stake in Nuveen Quality Pref. Fund II by 7.02% during the most recent quarter end. The investment management company now holds a total of 5,300 shares of Nuveen Quality Pref. Fund II which is valued at $51,039 after selling 400 shares in Nuveen Quality Pref. Fund II , the firm said in a disclosure report filed with the SEC on Jul 8, 2016.

Other Hedge Funds, Including , 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.Raymond James Trust N.a. boosted its stake in JPS in the latest quarter, The investment management firm added 4,563 additional shares and now holds a total of 17,063 shares of Nuveen Quality Pref. Fund II which is valued at $164,317. Nuveen Quality Pref. Fund II makes up approx 0.01% of Raymond James Trust N.a.’s portfolio.Next Financial Group Inc boosted its stake in JPS in the latest quarter, The investment management firm added 372 additional shares and now holds a total of 3,252 shares of Nuveen Quality Pref. Fund II which is valued at $31,317. Nuveen Quality Pref. Fund II makes up approx 0.01% of Next Financial Group Inc’s portfolio. Iowa State Bank added JPS to its portfolio by purchasing 2,300 company shares during the most recent quarter which is valued at $22,149. Nuveen Quality Pref. Fund II makes up approx 0.01% of Iowa State Bank’s portfolio.

Nuveen Quality Pref. Fund II closed down -0.098 points or -1.04% at $9.36 with 8,78,086 shares getting traded on Wednesday. Post opening the session at $9.5, the shares hit an intraday low of $9.24 and an intraday high of $9.52 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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