Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.89 and traded as low as $7.89. Nuveen Preferred & Income Opportunities Fund shares last traded at $7.95, with a volume of 1,272,415 shares trading hands.

Nuveen Preferred & Income Opportunities Fund Price Performance

The firm’s fifty day moving average is $8.02 and its two-hundred day moving average is $7.89.

Nuveen Preferred & Income Opportunities Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be paid a $0.0665 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 10.04%. The ex-dividend date of this dividend is Wednesday, January 15th.

Hedge Funds Weigh In On Nuveen Preferred & Income Opportunities Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. grew its stake in shares of Nuveen Preferred & Income Opportunities Fund by 354.9% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 51,341 shares of the financial services provider’s stock worth $387,000 after purchasing an additional 40,056 shares during the last quarter. NewEdge Advisors LLC grew its position in Nuveen Preferred & Income Opportunities Fund by 2.8% in the second quarter. NewEdge Advisors LLC now owns 251,858 shares of the financial services provider’s stock worth $1,881,000 after buying an additional 6,743 shares during the last quarter. Second Line Capital LLC increased its holdings in shares of Nuveen Preferred & Income Opportunities Fund by 34.6% in the second quarter. Second Line Capital LLC now owns 16,892 shares of the financial services provider’s stock valued at $127,000 after buying an additional 4,341 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Nuveen Preferred & Income Opportunities Fund by 10.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 30,076 shares of the financial services provider’s stock valued at $225,000 after acquiring an additional 2,787 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Nuveen Preferred & Income Opportunities Fund by 112.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 14,145 shares of the financial services provider’s stock worth $109,000 after acquiring an additional 7,500 shares in the last quarter.

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.