Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.21 and traded as low as $10.88. Nuveen Municipal High Income Opportunity Fund shares last traded at $10.91, with a volume of 371,262 shares.

Nuveen Municipal High Income Opportunity Fund Stock Down 0.0 %

The business’s 50 day moving average is $11.12 and its two-hundred day moving average is $11.21.

Nuveen Municipal High Income Opportunity Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were paid a dividend of $0.0655 per share. The ex-dividend date was Friday, March 14th. This represents a $0.79 dividend on an annualized basis and a dividend yield of 7.21%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Nuveen Municipal High Income Opportunity Fund by 9.5% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 51,582 shares of the company’s stock worth $558,000 after buying an additional 4,477 shares in the last quarter. Elequin Capital LP bought a new stake in Nuveen Municipal High Income Opportunity Fund during the 4th quarter worth approximately $277,000. Cetera Investment Advisers lifted its stake in Nuveen Municipal High Income Opportunity Fund by 13.9% in the 4th quarter. Cetera Investment Advisers now owns 321,708 shares of the company’s stock worth $3,478,000 after purchasing an additional 39,280 shares in the last quarter. Captrust Financial Advisors bought a new position in Nuveen Municipal High Income Opportunity Fund in the 4th quarter valued at $120,000. Finally, Citadel Advisors LLC bought a new position in Nuveen Municipal High Income Opportunity Fund in the 4th quarter valued at $139,000.

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.