Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) Trading 0.2% Higher

Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) shares traded up 0.2% during mid-day trading on Tuesday . The stock traded as high as $11.53 and last traded at $11.46. 180,250 shares were traded during mid-day trading, a decline of 15% from the average session volume of 212,098 shares. The stock had previously closed at $11.44.

Nuveen Municipal Credit Opportunities Fund Price Performance

The company has a 50 day simple moving average of $11.20 and a 200-day simple moving average of $10.77.

Nuveen Municipal Credit Opportunities Fund Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were paid a $0.068 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.82 annualized dividend and a dividend yield of 7.12%.

Institutional Trading of Nuveen Municipal Credit Opportunities Fund

Several hedge funds have recently made changes to their positions in NMCO. Truist Financial Corp bought a new stake in shares of Nuveen Municipal Credit Opportunities Fund during the 2nd quarter valued at $115,000. First National Trust Co bought a new stake in shares of Nuveen Municipal Credit Opportunities Fund during the 1st quarter valued at $146,000. Whittier Trust Co. bought a new stake in shares of Nuveen Municipal Credit Opportunities Fund during the 1st quarter valued at $180,000. Catalina Capital Group LLC bought a new stake in shares of Nuveen Municipal Credit Opportunities Fund during the 2nd quarter valued at $212,000. Finally, Nomura Holdings Inc. bought a new position in Nuveen Municipal Credit Opportunities Fund in the 4th quarter worth about $324,000.

Nuveen Municipal Credit Opportunities Fund Company Profile

Nuveen Municipal Credit Opportunities Fund (NMCO) seeks to provide a high level of current income exempt from regular U.S. federal income tax and secondarily, total return. The Fund invests primarily in high yielding, low- to medium-quality municipal securities that, at the time of investment, are rated Baa/BBB or lower or, if unrated, are judged by the portfolio managers to be of comparable quality.