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

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $8.01 and traded as low as $7.97. Nuveen Preferred & Income Opportunities Fund shares last traded at $7.99, with a volume of 901,327 shares changing hands.

Nuveen Preferred & Income Opportunities Fund Price Performance

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

Nuveen Preferred & Income Opportunities Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.0665 per share. This represents a $0.80 annualized dividend and a dividend yield of 9.99%. The ex-dividend date is Friday, March 14th.

Institutional Investors Weigh In On Nuveen Preferred & Income Opportunities Fund

Several hedge funds have recently modified their holdings of the company. Bank of America Corp DE boosted its stake in shares of Nuveen Preferred & Income Opportunities Fund by 18.7% during the 4th quarter. Bank of America Corp DE now owns 3,796,422 shares of the financial services provider’s stock worth $29,840,000 after acquiring an additional 597,716 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Nuveen Preferred & Income Opportunities Fund during the 4th quarter worth about $25,879,000. Commonwealth Equity Services LLC boosted its stake in shares of Nuveen Preferred & Income Opportunities Fund by 3.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 2,265,127 shares of the financial services provider’s stock worth $17,804,000 after acquiring an additional 71,343 shares in the last quarter. Guggenheim Capital LLC boosted its stake in shares of Nuveen Preferred & Income Opportunities Fund by 26.7% during the 4th quarter. Guggenheim Capital LLC now owns 1,286,715 shares of the financial services provider’s stock worth $10,114,000 after acquiring an additional 271,400 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in shares of Nuveen Preferred & Income Opportunities Fund by 24.1% during the 4th quarter. Advisors Asset Management Inc. now owns 1,061,879 shares of the financial services provider’s stock worth $8,346,000 after acquiring an additional 206,491 shares in the last quarter.

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.