Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.12 and traded as low as $7.98. Nuveen Preferred & Income Opportunities Fund shares last traded at $8.0550, with a volume of 1,538,577 shares.

Nuveen Preferred & Income Opportunities Fund Stock Up 0.3%

The company has a fifty day moving average of $8.10 and a 200 day moving average of $8.12.

Nuveen Preferred & Income Opportunities Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Thursday, January 15th will be given a dividend of $0.0625 per share. The ex-dividend date is Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 9.3%.

Hedge Funds Weigh In On Nuveen Preferred & Income Opportunities Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the company. JB Capital LLC grew its holdings in Nuveen Preferred & Income Opportunities Fund by 25.4% during the 4th quarter. JB Capital LLC now owns 17,568 shares of the financial services provider’s stock worth $142,000 after acquiring an additional 3,557 shares during the period. Savvy Advisors Inc. bought a new stake in shares of Nuveen Preferred & Income Opportunities Fund during the 4th quarter valued at about $351,000. Perigon Wealth Management LLC grew its stake in Nuveen Preferred & Income Opportunities Fund by 15.0% during the fourth quarter. Perigon Wealth Management LLC now owns 15,312 shares of the financial services provider’s stock worth $124,000 after purchasing an additional 2,000 shares during the period. Capital Advisors Inc. OK bought a new stake in Nuveen Preferred & Income Opportunities Fund in the fourth quarter worth approximately $453,000. Finally, Royal Fund Management LLC increased its holdings in Nuveen Preferred & Income Opportunities Fund by 23.6% in the fourth quarter. Royal Fund Management LLC now owns 13,823 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 2,636 shares in the last quarter.

About Nuveen Preferred & Income Opportunities Fund

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) is a closed-end management investment company managed by Nuveen Asset Management, an affiliate of Teachers Insurance and Annuity Association of America (TIAA). The fund’s primary objective is to provide high current income and the potential for capital appreciation by investing in a diversified portfolio of preferred and other income-producing securities.

The fund focuses on preferred and convertible securities issued by U.S. and global corporations, with flexibility to invest in common stocks, corporate debt, exchange-traded debt obligations and other fixed-income instruments.