Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Stock Passes Below 200 Day Moving Average – Time to Sell?

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $8.01 and traded as low as $7.94. Nuveen Preferred & Income Opportunities Fund shares last traded at $7.97, with a volume of 747,135 shares.

Nuveen Preferred & Income Opportunities Fund Trading Up 0.1 %

The stock has a fifty day moving average of $7.98 and a 200-day moving average of $8.01.

Nuveen Preferred & Income Opportunities Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a dividend of $0.0665 per share. The ex-dividend date is Friday, March 14th. This represents a $0.80 dividend on an annualized basis and a yield of 10.02%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of JPC. Bank of America Corp DE increased its stake in Nuveen Preferred & Income Opportunities Fund by 18.7% in the 4th quarter. Bank of America Corp DE now owns 3,796,422 shares of the financial services provider’s stock valued at $29,840,000 after buying an additional 597,716 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Nuveen Preferred & Income Opportunities Fund in the fourth quarter valued at about $25,879,000. Commonwealth Equity Services LLC increased its stake in shares of Nuveen Preferred & Income Opportunities Fund by 3.3% during the fourth 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 during the period. Guggenheim Capital LLC raised its holdings in Nuveen Preferred & Income Opportunities Fund by 26.7% during the fourth quarter. Guggenheim Capital LLC now owns 1,286,715 shares of the financial services provider’s stock worth $10,114,000 after purchasing an additional 271,400 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its position in Nuveen Preferred & Income Opportunities Fund by 24.1% in the fourth quarter. Advisors Asset Management Inc. now owns 1,061,879 shares of the financial services provider’s stock valued at $8,346,000 after purchasing an additional 206,491 shares during the period.

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.