Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.92 and traded as low as $7.70. Nuveen Preferred & Income Opportunities Fund shares last traded at $7.73, with a volume of 580,579 shares trading hands.

Nuveen Preferred & Income Opportunities Fund Stock Performance

The stock’s 50 day simple moving average is $7.74 and its 200 day simple moving average is $7.92.

Nuveen Preferred & Income Opportunities Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be issued a $0.0665 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 10.32%.

Institutional Trading of Nuveen Preferred & Income Opportunities Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Allworth Financial LP boosted its position in shares of Nuveen Preferred & Income Opportunities Fund by 377.1% during the fourth quarter. Allworth Financial LP now owns 4,714 shares of the financial services provider’s stock valued at $37,000 after buying an additional 3,726 shares during the last quarter. CoreFirst Bank & Trust purchased a new position in Nuveen Preferred & Income Opportunities Fund during the 4th quarter worth $61,000. NBC Securities Inc. grew its stake in shares of Nuveen Preferred & Income Opportunities Fund by 102,900.0% in the 1st quarter. NBC Securities Inc. now owns 8,240 shares of the financial services provider’s stock worth $65,000 after acquiring an additional 8,232 shares in the last quarter. Elequin Capital LP bought a new stake in shares of Nuveen Preferred & Income Opportunities Fund in the 4th quarter worth $73,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Nuveen Preferred & Income Opportunities Fund in the fourth quarter valued at about $79,000.

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.