Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.20 and traded as low as $11.04. Nuveen Municipal High Income Opportunity Fund shares last traded at $11.15, with a volume of 172,723 shares.

Nuveen Municipal High Income Opportunity Fund Trading Up 0.9 %

The company has a fifty day moving average of $11.10 and a two-hundred day moving average of $11.20.

Nuveen Municipal High Income Opportunity Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be issued a $0.0655 dividend. This represents a $0.79 annualized dividend and a dividend yield of 7.05%. The ex-dividend date of this dividend is Wednesday, January 15th.

Institutional Trading of Nuveen Municipal High Income Opportunity Fund

Several hedge funds have recently modified their holdings of the business. Hennion & Walsh Asset Management Inc. lifted its holdings in Nuveen Municipal High Income Opportunity Fund by 196.7% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 621,534 shares of the company’s stock valued at $6,719,000 after acquiring an additional 412,051 shares during the period. MFA Wealth Services purchased a new stake in Nuveen Municipal High Income Opportunity Fund during the fourth quarter worth about $990,000. Focus Financial Network Inc. acquired a new position in Nuveen Municipal High Income Opportunity Fund during the third quarter worth about $481,000. PFG Investments LLC increased its holdings in Nuveen Municipal High Income Opportunity Fund by 103.7% in the third quarter. PFG Investments LLC now owns 78,141 shares of the company’s stock valued at $911,000 after buying an additional 39,771 shares in the last quarter. Finally, High Net Worth Advisory Group LLC lifted its position in shares of Nuveen Municipal High Income Opportunity Fund by 14.7% during the 3rd quarter. High Net Worth Advisory Group LLC now owns 298,069 shares of the company’s stock valued at $3,476,000 after acquiring an additional 38,217 shares during the period.

About Nuveen Municipal High Income Opportunity Fund

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.