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

Shares of Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $11.23 and traded as low as $11.21. Nuveen Municipal High Income Opportunity Fund shares last traded at $11.26, with a volume of 217,538 shares trading hands.

Nuveen Municipal High Income Opportunity Fund Stock Performance

The company’s fifty day moving average is $11.08 and its 200-day moving average is $11.23.

Nuveen Municipal High Income Opportunity Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be paid a dividend of $0.0655 per share. The ex-dividend date is Friday, February 14th. This represents a $0.79 annualized dividend and a dividend yield of 6.98%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Providence First Trust Co purchased a new stake in shares of Nuveen Municipal High Income Opportunity Fund during the fourth quarter worth about $32,000. Farther Finance Advisors LLC increased its stake in Nuveen Municipal High Income Opportunity Fund by 107.4% during the 4th quarter. Farther Finance Advisors LLC now owns 3,347 shares of the company’s stock worth $36,000 after buying an additional 1,733 shares during the period. Fifth Third Bancorp purchased a new stake in Nuveen Municipal High Income Opportunity Fund during the 4th quarter worth approximately $70,000. International Assets Investment Management LLC increased its position in shares of Nuveen Municipal High Income Opportunity Fund by 1,066.0% in the 3rd quarter. International Assets Investment Management LLC now owns 7,917 shares of the company’s stock valued at $92,000 after purchasing an additional 7,238 shares during the last quarter. Finally, Intellus Advisors LLC purchased a new stake in shares of Nuveen Municipal High Income Opportunity Fund in the 4th quarter valued at approximately $108,000.

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.