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Summary The Nuveen Preferred & Income Opportunities Fund invests in bonds, convertibles, and preferreds; heavily weighted to ones rated BBB or BB. A recent increase in the Price/NAV discount points to a potential buying opportunity. Nuveen classifies four other CEFs with J...
We review CEF market valuation and performance through the second week of August and highlight recent market action. CEFs had another strong week as the recovery in income assets accelerated. We discuss the yield pick-up in CEFs versus open-end funds using HY Munis as a case study...
Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given. Top DxYxZ funds are HFRO, ARDC, and SRV. Author’s note: This article was released to CEF/ETF Income Laboratory members on July 22, 2022. Please check latest data...
Leading macro-economic indicators have been decelerating and household sentiment has been souring as the Fed continues to tighten financial conditions to further slow inflation. Asset prices have also adjusted in anticipation of an upcoming recession. We take a look at different r...
We review CEF market valuation and performance through the third week of July and highlight recent market action. CEFs continued their rebound, supported by rising stocks and tighter credit spreads. Leverage cost differentiation is beginning to show up in CEF distribution changes....
We review CEF market valuation and performance through the second week of July and highlight recent market action. The CEF market was fairly flat on the week as stocks and Treasuries moved in opposite directions. We discuss if it makes sense to avoid leveraged CEF given leverage c...
The income space has enjoyed a well-deserved bounce after a terrible June. We take a look at a number of BDCs and CEFs that have lagged the recent rally and may hold an additional margin of safety in case of another swoon. We highlight 8-15% yielders such as TRIN, BXSL, JPI and WD...
We review CEF market valuation and performance through the last week of June and highlight recent market action. Higher-quality CEFs had a decent week, supported by the continued fall in Treasury yields while equity funds struggled. We discuss why discounts matter more from an inc...
The drop across the income investment space has been both broad and deep, hitting just about every type of asset. We take a look at which features have enabled some securities to weather the storm more successfully than others - we find these features more prevalent in shorter-maturit...
We review CEF market valuation and performance through the third week of June and highlight recent market action. The CEF market had one of the worst weeks this decade as the Fed appears increasingly intent to push the economy into recession to tame inflation. We discuss how much ...
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Nuveen Preferred and Income Term Fund of Beneficial Interest Company Name:
JPI Stock Symbol:
NYSE Market:
Nuveen Preferred and Income Term Fund of Beneficial Interest Website:
Shareholders of Nuveen Preferred and Income Term Fund (NYSE: JPI) have approved a proposal to amend the fund’s declaration of trust to eliminate the fund’s term structure, subject to the completion of a tender offer. The amendment will allow shareholders the opportunity to maint...
2024-06-12 19:56:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-04-12 18:16:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...