Nuveen Quality Pref. Fund II (JPS) : Advisory Services Network scooped up 22,448 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 Oct 7, 2016. The investment management firm now holds a total of 47,676 shares of Nuveen Quality Pref. Fund II which is valued at $458,643.Nuveen Quality Pref. Fund II makes up approximately 0.09% of Advisory Services Network’s portfolio.
Nuveen Quality Pref. Fund II opened for trading at $9.6 and hit $9.62 on the upside on Friday, eventually ending the session at $9.62, with a gain of 0.42% or 0.04 points. The heightened volatility saw the trading volume jump to 2,68,305 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.