Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Stock Passes Below 200 Day Moving Average – Here’s Why

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.17 and traded as low as $10.86. Nuveen Municipal High Income Opportunity Fund shares last traded at $10.88, with a volume of 368,697 shares.

Nuveen Municipal High Income Opportunity Fund Stock Down 1.4 %

The company’s 50 day moving average price is $11.16 and its 200-day moving average price is $11.17.

Nuveen Municipal High Income Opportunity Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be paid a $0.0655 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $0.79 annualized dividend and a yield of 7.22%.

Hedge Funds Weigh In On Nuveen Municipal High Income Opportunity Fund

Hedge funds and other institutional investors have recently modified their holdings of the business. PFG Investments LLC lifted its holdings in Nuveen Municipal High Income Opportunity Fund by 103.7% during the third quarter. PFG Investments LLC now owns 78,141 shares of the company’s stock worth $911,000 after acquiring an additional 39,771 shares during the period. Kercheville Advisors LLC raised its stake in shares of Nuveen Municipal High Income Opportunity Fund by 16.9% during the 3rd quarter. Kercheville Advisors LLC now owns 17,442 shares of the company’s stock worth $203,000 after purchasing an additional 2,520 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Nuveen Municipal High Income Opportunity Fund by 289.2% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 209,483 shares of the company’s stock worth $2,443,000 after buying an additional 155,653 shares during the last quarter. Capital Investment Advisors LLC grew its position in Nuveen Municipal High Income Opportunity Fund by 2.8% during the third quarter. Capital Investment Advisors LLC now owns 40,506 shares of the company’s stock valued at $472,000 after buying an additional 1,088 shares during the period. Finally, High Net Worth Advisory Group LLC increased its holdings in Nuveen Municipal High Income Opportunity Fund by 14.7% during the third quarter. High Net Worth Advisory Group LLC now owns 298,069 shares of the company’s stock worth $3,476,000 after buying an additional 38,217 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.