Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Stock Price Passes Above Fifty Day Moving Average – Time to Sell?

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC)’s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $8.14 and traded as high as $8.27. Nuveen Preferred & Income Opportunities Fund shares last traded at $8.26, with a volume of 933,008 shares changing hands.

Nuveen Preferred & Income Opportunities Fund Stock Up 0.1%

The business has a 50 day simple moving average of $8.14 and a 200-day simple moving average of $8.13.

Nuveen Preferred & Income Opportunities Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 13th will be paid a dividend of $0.0625 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a c) dividend on an annualized basis and a yield of 9.1%.

Institutional Trading of Nuveen Preferred & Income Opportunities Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. Mueller Wealth LLC acquired a new position in Nuveen Preferred & Income Opportunities Fund during the fourth quarter valued at approximately $156,000. Integrity Advisory Solutions LLC acquired a new stake in shares of Nuveen Preferred & Income Opportunities Fund in the fourth quarter worth $86,000. Collaborative Wealth Managment Inc. purchased a new position in shares of Nuveen Preferred & Income Opportunities Fund in the 4th quarter valued at $83,000. Cary Street Partners Financial LLC increased its holdings in Nuveen Preferred & Income Opportunities Fund by 2.8% in the 4th quarter. Cary Street Partners Financial LLC now owns 130,528 shares of the financial services provider’s stock valued at $1,059,000 after purchasing an additional 3,500 shares in the last quarter. Finally, Harbour Investments Inc. increased its holdings in Nuveen Preferred & Income Opportunities Fund by 19.8% in the 4th quarter. Harbour Investments Inc. now owns 96,870 shares of the financial services provider’s stock valued at $786,000 after purchasing an additional 16,004 shares in 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.