Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.01 and traded as low as $7.87. Nuveen Preferred & Income Opportunities Fund shares last traded at $7.88, with a volume of 814,052 shares traded.

Nuveen Preferred & Income Opportunities Fund Trading Up 0.3 %

The firm’s fifty day moving average is $7.98 and its 200-day moving average is $8.01.

Nuveen Preferred & Income Opportunities Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a $0.0665 dividend. This represents a $0.80 annualized dividend and a dividend yield of 10.08%. The ex-dividend date is Friday, March 14th.

Institutional Investors Weigh In On Nuveen Preferred & Income Opportunities Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. Allworth Financial LP boosted its stake in Nuveen Preferred & Income Opportunities Fund by 377.1% in the fourth quarter. Allworth Financial LP now owns 4,714 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 3,726 shares in the last quarter. CoreFirst Bank & Trust acquired a new position in Nuveen Preferred & Income Opportunities Fund during the 4th quarter worth about $61,000. Elequin Capital LP bought a new stake in Nuveen Preferred & Income Opportunities Fund during the 4th quarter worth about $73,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Nuveen Preferred & Income Opportunities Fund during the 4th quarter worth about $79,000. Finally, Elm3 Financial Group LLC acquired a new stake in Nuveen Preferred & Income Opportunities Fund in the 4th quarter valued at about $86,000.

About Nuveen Preferred & Income Opportunities Fund

Nuveen Preferred & Income Opportunities Fund is a closed ended balanced mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC, Nuveen Asset Management, LLC, and NWQ Investment Management Company, LLC. It invests in the public equity and fixed income markets of the United States.