Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Stock Price Passes Below Two Hundred Day Moving Average of $12.84

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZGet Rating)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.84 and traded as low as $11.77. Nuveen Municipal High Income Opportunity Fund shares last traded at $11.82, with a volume of 446,873 shares changing hands.

Nuveen Municipal High Income Opportunity Fund Trading Up 0.2 %

The firm has a fifty day moving average of $11.82 and a 200-day moving average of $12.84.

Nuveen Municipal High Income Opportunity Fund Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 1st. Stockholders of record on Friday, July 15th will be given a $0.059 dividend. This represents a $0.71 annualized dividend and a dividend yield of 5.99%. The ex-dividend date is Thursday, July 14th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. UBS Group AG lifted its position in shares of Nuveen Municipal High Income Opportunity Fund by 5.7% during the 1st quarter. UBS Group AG now owns 1,390,267 shares of the company’s stock valued at $18,087,000 after acquiring an additional 75,576 shares during the period. Guggenheim Capital LLC raised its stake in Nuveen Municipal High Income Opportunity Fund by 11.8% in the first quarter. Guggenheim Capital LLC now owns 534,325 shares of the company’s stock valued at $6,952,000 after purchasing an additional 56,365 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in Nuveen Municipal High Income Opportunity Fund by 16.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 478,002 shares of the company’s stock worth $7,227,000 after purchasing an additional 67,345 shares during the period. Bank of America Corp DE grew its stake in Nuveen Municipal High Income Opportunity Fund by 1.2% during the first quarter. Bank of America Corp DE now owns 446,432 shares of the company’s stock worth $5,808,000 after buying an additional 5,121 shares in the last quarter. Finally, Van ECK Associates Corp increased its stake in Nuveen Municipal High Income Opportunity Fund by 11.0% in the fourth quarter. Van ECK Associates Corp now owns 400,374 shares of the company’s stock valued at $6,054,000 after acquiring an additional 39,547 shares during the last quarter.

About Nuveen Municipal High Income Opportunity Fund

(Get Rating)

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.

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