Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.80 and traded as low as $10.23. Nuveen Municipal High Income Opportunity Fund shares last traded at $10.24, with a volume of 168,729 shares changing hands.

Nuveen Municipal High Income Opportunity Fund Stock Down 0.1%

The business has a fifty day simple moving average of $10.36 and a 200 day simple moving average of $10.80.

Nuveen Municipal High Income Opportunity Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be issued a $0.0655 dividend. This represents a $0.79 dividend on an annualized basis and a yield of 7.68%. The ex-dividend date is Friday, June 13th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Providence First Trust Co acquired a new stake in shares of Nuveen Municipal High Income Opportunity Fund during the 4th quarter worth $32,000. Farther Finance Advisors LLC grew its holdings in shares of Nuveen Municipal High Income Opportunity Fund by 107.4% during the 4th quarter. Farther Finance Advisors LLC now owns 3,347 shares of the company’s stock worth $36,000 after purchasing an additional 1,733 shares in the last quarter. US Bancorp DE grew its holdings in shares of Nuveen Municipal High Income Opportunity Fund by 76.9% during the 1st quarter. US Bancorp DE now owns 4,600 shares of the company’s stock worth $50,000 after purchasing an additional 2,000 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new stake in shares of Nuveen Municipal High Income Opportunity Fund during the 1st quarter worth $65,000. Finally, Intellus Advisors LLC acquired a new stake in shares of Nuveen Municipal High Income Opportunity Fund during the 4th quarter worth $108,000.

About Nuveen Municipal High Income Opportunity Fund

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.