Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.12 and traded as low as $8.12. Nuveen Preferred & Income Opportunities Fund shares last traded at $8.1250, with a volume of 605,057 shares.

Nuveen Preferred & Income Opportunities Fund Trading Down 0.3%

The company has a fifty day moving average of $8.11 and a two-hundred day moving average of $8.12.

Nuveen Preferred & Income Opportunities Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Thursday, January 15th will be issued a dividend of $0.0625 per share. This represents a c) annualized dividend and a dividend yield of 9.2%. The ex-dividend date is Thursday, January 15th.

Hedge Funds Weigh In On Nuveen Preferred & Income Opportunities Fund

A number of hedge funds have recently modified their holdings of the business. Sound Income Strategies LLC raised its position in shares of Nuveen Preferred & Income Opportunities Fund by 72.7% during the second quarter. Sound Income Strategies LLC now owns 6,734 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 2,834 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Nuveen Preferred & Income Opportunities Fund by 5.5% during the second quarter. Janney Montgomery Scott LLC now owns 571,517 shares of the financial services provider’s stock worth $4,584,000 after purchasing an additional 29,672 shares during the period. Truist Financial Corp raised its holdings in Nuveen Preferred & Income Opportunities Fund by 53.7% during the second quarter. Truist Financial Corp now owns 498,856 shares of the financial services provider’s stock worth $4,001,000 after buying an additional 174,359 shares during the last quarter. PFG Investments LLC raised its holdings in shares of Nuveen Preferred & Income Opportunities Fund by 23.5% in the 2nd quarter. PFG Investments LLC now owns 15,949 shares of the financial services provider’s stock worth $128,000 after acquiring an additional 3,030 shares during the last quarter. Finally, Ameritas Advisory Services LLC raised its stake in shares of Nuveen Preferred & Income Opportunities Fund by 7.9% in the second quarter. Ameritas Advisory Services LLC now owns 54,151 shares of the financial services provider’s stock worth $434,000 after purchasing an additional 3,975 shares during the last quarter.

Nuveen Preferred & Income Opportunities Fund Company Profile

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.