Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Increases Dividend to $0.04 Per Share

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZGet Free Report) declared a monthly dividend on Thursday, February 1st, Zacks reports. Stockholders of record on Thursday, February 15th will be given a dividend of 0.043 per share on Friday, March 1st. This represents a $0.52 annualized dividend and a dividend yield of 5.06%. The ex-dividend date of this dividend is Wednesday, February 14th. This is an increase from Nuveen Municipal High Income Opportunity Fund’s previous monthly dividend of $0.04.

Nuveen Municipal High Income Opportunity Fund Stock Up 1.2 %

NYSE:NMZ opened at $10.19 on Tuesday. The stock has a 50-day simple moving average of $9.88 and a 200-day simple moving average of $9.69. Nuveen Municipal High Income Opportunity Fund has a 1 year low of $8.26 and a 1 year high of $11.14.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NMZ. Raymond James & Associates boosted its position in shares of Nuveen Municipal High Income Opportunity Fund by 2.5% during the 1st quarter. Raymond James & Associates now owns 328,036 shares of the company’s stock worth $4,268,000 after acquiring an additional 7,926 shares in the last quarter. Baird Financial Group Inc. boosted its position in shares of Nuveen Municipal High Income Opportunity Fund by 14.7% during the 1st quarter. Baird Financial Group Inc. now owns 79,855 shares of the company’s stock worth $1,039,000 after acquiring an additional 10,215 shares in the last quarter. Worth Asset Management LLC acquired a new position in shares of Nuveen Municipal High Income Opportunity Fund during the 1st quarter worth about $294,000. High Net Worth Advisory Group LLC boosted its position in shares of Nuveen Municipal High Income Opportunity Fund by 62.2% during the 1st quarter. High Net Worth Advisory Group LLC now owns 66,500 shares of the company’s stock worth $865,000 after acquiring an additional 25,500 shares in the last quarter. Finally, UBS Group AG boosted its position in shares of Nuveen Municipal High Income Opportunity Fund by 5.7% during the 1st quarter. UBS Group AG now owns 1,390,267 shares of the company’s stock worth $18,087,000 after acquiring an additional 75,576 shares in the last quarter.

About Nuveen Municipal High Income Opportunity Fund

(Get Free Report)

Nuveen Municipal High Income Opportunity Fund is a closed-end fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade tax-exempt municipal securities.

Further Reading

Dividend History for Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ)

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