Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Shares Cross Above 50 Day Moving Average – What’s Next?

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $11.48 and traded as high as $11.52. Nuveen Municipal High Income Opportunity Fund shares last traded at $11.45, with a volume of 282,176 shares traded.

Nuveen Municipal High Income Opportunity Fund Stock Down 0.5 %

The firm has a 50 day moving average of $11.48 and a two-hundred day moving average of $10.91.

Nuveen Municipal High Income Opportunity Fund Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be paid a dividend of $0.065 per share. This represents a $0.78 annualized dividend and a dividend yield of 6.81%. The ex-dividend date is Tuesday, October 15th.

Institutional Investors Weigh In On Nuveen Municipal High Income Opportunity Fund

Large investors have recently added to or reduced their stakes in the business. High Net Worth Advisory Group LLC lifted its holdings in shares of Nuveen Municipal High Income Opportunity Fund by 23.9% in the second quarter. High Net Worth Advisory Group LLC now owns 259,852 shares of the company’s stock valued at $2,804,000 after purchasing an additional 50,156 shares in the last quarter. Cetera Investment Advisers lifted its stake in Nuveen Municipal High Income Opportunity Fund by 1,211.5% in the 1st quarter. Cetera Investment Advisers now owns 238,986 shares of the company’s stock valued at $2,524,000 after buying an additional 220,763 shares in the last quarter. Cetera Advisors LLC grew its holdings in Nuveen Municipal High Income Opportunity Fund by 19.2% during the 1st quarter. Cetera Advisors LLC now owns 101,495 shares of the company’s stock valued at $1,072,000 after buying an additional 16,320 shares during the last quarter. Kingswood Wealth Advisors LLC purchased a new position in Nuveen Municipal High Income Opportunity Fund during the second quarter worth $232,000. Finally, Park Avenue Securities LLC raised its holdings in shares of Nuveen Municipal High Income Opportunity Fund by 2.5% in the second quarter. Park Avenue Securities LLC now owns 159,435 shares of the company’s stock worth $1,720,000 after acquiring an additional 3,828 shares during the last quarter.

Nuveen Municipal High Income Opportunity Fund Company Profile

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.