Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

Shares of Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.94 and traded as low as $10.91. Nuveen Municipal High Income Opportunity Fund shares last traded at $11.03, with a volume of 469,878 shares.

Nuveen Municipal High Income Opportunity Fund Stock Down 0.2 %

The business’s 50 day moving average price is $11.49 and its two-hundred day moving average price is $10.94.

Nuveen Municipal High Income Opportunity Fund Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be issued a dividend of $0.065 per share. This represents a $0.78 annualized dividend and a dividend yield of 7.07%. The ex-dividend date of this dividend is Tuesday, October 15th.

Institutional Trading of Nuveen Municipal High Income Opportunity Fund

Hedge funds and other institutional investors have recently modified their holdings of the business. Melone Private Wealth LLC raised its holdings in Nuveen Municipal High Income Opportunity Fund by 1.6% in the 3rd quarter. Melone Private Wealth LLC now owns 528,673 shares of the company’s stock worth $6,164,000 after acquiring an additional 8,282 shares during the period. Raymond James & Associates increased its holdings in shares of Nuveen Municipal High Income Opportunity Fund by 2.2% in the third quarter. Raymond James & Associates now owns 516,479 shares of the company’s stock valued at $6,022,000 after purchasing an additional 11,214 shares in the last quarter. Robinson Capital Management LLC lifted its stake in shares of Nuveen Municipal High Income Opportunity Fund by 31.3% during the first quarter. Robinson Capital Management LLC now owns 448,330 shares of the company’s stock valued at $4,649,000 after acquiring an additional 106,946 shares during the period. High Net Worth Advisory Group LLC boosted its stake in shares of Nuveen Municipal High Income Opportunity Fund by 14.7% in 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 purchasing an additional 38,217 shares during the last quarter. Finally, Atria Wealth Solutions Inc. raised its position in shares of Nuveen Municipal High Income Opportunity Fund by 3.9% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 270,497 shares of the company’s stock valued at $2,919,000 after acquiring an additional 10,058 shares during the last quarter.

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.