Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Stock Price Passes Below Two Hundred Day Moving Average of $6.51

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $6.51 and traded as low as $6.44. Nuveen Preferred & Income Opportunities Fund shares last traded at $6.45, with a volume of 242,102 shares.

Nuveen Preferred & Income Opportunities Fund Trading Down 1.4 %

The firm’s fifty day moving average is $6.50 and its 200-day moving average is $6.51.

Nuveen Preferred & Income Opportunities Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be given a dividend of $0.044 per share. This represents a $0.53 dividend on an annualized basis and a yield of 8.19%. The ex-dividend date of this dividend is Thursday, September 14th.

Institutional Investors Weigh In On Nuveen Preferred & Income Opportunities Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN grew its holdings in Nuveen Preferred & Income Opportunities Fund by 57.2% in the 2nd quarter. Wells Fargo & Company MN now owns 1,188,194 shares of the financial services provider’s stock valued at $9,089,000 after buying an additional 432,502 shares during the period. Penserra Capital Management LLC boosted its position in shares of Nuveen Preferred & Income Opportunities Fund by 81.1% in the first quarter. Penserra Capital Management LLC now owns 914,543 shares of the financial services provider’s stock worth $7,846,000 after acquiring an additional 409,486 shares during the last quarter. Orion Portfolio Solutions LLC grew its holdings in Nuveen Preferred & Income Opportunities Fund by 117.7% in the second quarter. Orion Portfolio Solutions LLC now owns 599,175 shares of the financial services provider’s stock valued at $3,883,000 after purchasing an additional 324,005 shares during the period. Rivernorth Capital Management LLC acquired a new position in Nuveen Preferred & Income Opportunities Fund during the first quarter worth approximately $2,674,000. Finally, Rockefeller Capital Management L.P. increased its position in Nuveen Preferred & Income Opportunities Fund by 153.7% during the second quarter. Rockefeller Capital Management L.P. now owns 287,545 shares of the financial services provider’s stock worth $1,863,000 after purchasing an additional 174,196 shares during 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.