What’s Nuveen Preferred Securities Income Fund (JPS) Downside After Forming Bearish Double Bottom?

June 15, 2018 - By Richard Conner

Investors sentiment increased to 1.24 in 2018 Q1. Its up 0.03, from 1.21 in 2017Q4. It increased, as 19 investors sold Nuveen Preferred Securities Income Fund shares while 26 reduced holdings. 25 funds opened positions while 31 raised stakes. 16.82 million shares or 0.07% more from 16.80 million shares in 2017Q4 were reported.
Thrivent Fincl For Lutherans invested in 21,400 shares or 0% of the stock. Creative Planning stated it has 26,973 shares or 0% of all its holdings. Jpmorgan Chase & Communications reported 27,000 shares. Private Advisor Gru Limited Liability invested 0% of its portfolio in Nuveen Preferred Securities Income Fund (NYSE:JPS). 206,899 are owned by Sit Investment Assoc. Manufacturers Life Ins Company The holds 39,024 shares. Usca Ria Limited Liability Corporation stated it has 17,425 shares. 10,000 are held by Quinn Opportunity Limited Liability Corporation. Winslow Evans & Crocker holds 612 shares. Natl Bank Of America Corp De invested in 0% or 1.02 million shares. Financial Architects owns 466 shares for 0% of their portfolio. 23,017 are held by Davenport Limited Liability Company. Azimuth Cap Management Ltd Limited Liability Company holds 0.04% or 58,200 shares. Green Square Limited holds 0.02% or 16,060 shares in its portfolio. Hightower has 26,516 shares for 0% of their portfolio.

The chart of Nuveen Preferred Securities Income Fund (JPS) shows a double bottom with $8.61 target or 8.00 % below today’s $9.36 share price. The 5 months chart pattern indicates high risk for the $1.91 billion company. It was reported on Jun, 15 by Finviz.com. If the $8.61 price target is reached, the company will be worth $152.64 million less. Double bottoms are rare but powerful chart patterns.

The stock decreased 0.36% or $0.03 during the last trading session, reaching $9.36. About 332,240 shares traded. Nuveen Preferred Securities Income Fund (NYSE:JPS) has declined 6.28% since June 15, 2017 and is downtrending. It has underperformed by 18.85% the S&P500.

Another recent and important Nuveen Preferred Securities Income Fund (NYSE:JPS) news was published by Equitiesfocus.com which published an article titled: “10741 Shares in Nuveen Preferred & Income Securities Fnd (NYSE:JPS) Purchased by Financial Advocates …” on June 12, 2018.

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