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Preferred and Income Term's (JPI) investment objective is to provide a high level of current income and total return. The Fund seeks to achieve its investment objective by investing in preferred securities and other income producing securities. Under normal market conditions, the Fund will invest at least 80% of its managed assets in preferred and other income producing securities. The Fund will invest at least 60% of its managed assets in securities rated investment grade (BBB-/Baa3 or higher) at the time of purchase. The Fund will invest 100% of its managed assets in U.S. dollar denominated securities. The Fund will also invest up to 40% of its managed assets in securities issued by non-U.S. domiciled companies.
Nuveen Preferred And Income Term Common Shares Of Beneficial Interest trades on the NYSE stock market under the symbol JPI.
As of April 22, 2024, JPI stock price climbed to $18.83 with 22,363 million shares trading.
JPI has a beta of 0.44, meaning it tends to be less sensitive to market movements. JPI has a correlation of 0.20 to the broad based SPY ETF.
JPI has a market cap of $428.80 million. This is considered a Small Cap stock.
In the last 3 years, JPI stock traded as high as $26.48 and as low as $16.02.
JPI has underperformed the market in the last year with a return of +18.0%, while the SPY ETF gained +22.3%. In the last 3 month period, JPI fell short of the market, returning +3.7%, while SPY returned +3.9%. However, in the most recent 2 weeks JPI has outperformed the stock market by returning -0.6%, while SPY returned -3.6%.
JPI support price is $18.65 and resistance is $18.87 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that JPI stock will trade within this expected range on the day.