Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Shares of Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.01 and traded as low as $7.87. Nuveen Preferred & Income Opportunities Fund shares last traded at $7.88, with a volume of 814,052 shares traded.

Nuveen Preferred & Income Opportunities Fund Price Performance

The firm has a 50 day moving average of $7.98 and a two-hundred day moving average of $8.01.

Nuveen Preferred & Income Opportunities Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a dividend of $0.0665 per share. This represents a $0.80 dividend on an annualized basis and a yield of 10.13%. The ex-dividend date of this dividend is Friday, March 14th.

Institutional Trading of Nuveen Preferred & Income Opportunities Fund

Several hedge funds and other institutional investors have recently made changes to their positions in JPC. Virtu Financial LLC acquired a new position in shares of Nuveen Preferred & Income Opportunities Fund in the third quarter worth approximately $235,000. B. Riley Wealth Advisors Inc. raised its position in shares of Nuveen Preferred & Income Opportunities Fund by 65.8% during the third quarter. B. Riley Wealth Advisors Inc. now owns 85,114 shares of the financial services provider’s stock worth $686,000 after purchasing an additional 33,773 shares during the period. Jane Street Group LLC boosted its stake in Nuveen Preferred & Income Opportunities Fund by 1,188.0% during the 3rd quarter. Jane Street Group LLC now owns 243,162 shares of the financial services provider’s stock valued at $1,962,000 after purchasing an additional 224,283 shares during the last quarter. Sanctuary Advisors LLC raised its position in Nuveen Preferred & Income Opportunities Fund by 13.4% in the 3rd quarter. Sanctuary Advisors LLC now owns 210,234 shares of the financial services provider’s stock valued at $1,692,000 after buying an additional 24,849 shares during the last quarter. Finally, HighTower Advisors LLC lifted its position in shares of Nuveen Preferred & Income Opportunities Fund by 67.9% during the 3rd quarter. HighTower Advisors LLC now owns 120,390 shares of the financial services provider’s stock worth $969,000 after buying an additional 48,689 shares in the last quarter.

Nuveen Preferred & Income Opportunities Fund Company Profile

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.