Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Stock Passes Below 200-Day Moving Average – Here’s Why

Shares of Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.14 and traded as low as $8.04. Nuveen Preferred & Income Opportunities Fund shares last traded at $8.0550, with a volume of 929,663 shares traded.

Nuveen Preferred & Income Opportunities Fund Stock Down 0.3%

The firm’s fifty day moving average is $8.16 and its 200-day moving average is $8.14.

Nuveen Preferred & Income Opportunities Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be given a $0.0625 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 9.3%.

Institutional Investors Weigh In On Nuveen Preferred & Income Opportunities Fund

A number of institutional investors have recently modified their holdings of JPC. Envestnet Asset Management Inc. increased its holdings in Nuveen Preferred & Income Opportunities Fund by 7.3% in the second quarter. Envestnet Asset Management Inc. now owns 308,490 shares of the financial services provider’s stock valued at $2,474,000 after buying an additional 21,106 shares during the last quarter. Prospera Financial Services Inc lifted its holdings in Nuveen Preferred & Income Opportunities Fund by 9.7% during the 2nd quarter. Prospera Financial Services Inc now owns 51,542 shares of the financial services provider’s stock worth $413,000 after buying an additional 4,558 shares during the last quarter. Allworth Financial LP lifted its holdings in Nuveen Preferred & Income Opportunities Fund by 106.2% during the 2nd quarter. Allworth Financial LP now owns 17,661 shares of the financial services provider’s stock worth $142,000 after buying an additional 9,096 shares during the last quarter. Evolution Wealth Advisors LLC acquired a new position in shares of Nuveen Preferred & Income Opportunities Fund in the 2nd quarter worth approximately $81,000. Finally, Creative Planning increased its holdings in shares of Nuveen Preferred & Income Opportunities Fund by 13.7% in the 2nd quarter. Creative Planning now owns 12,482 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 1,507 shares during 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.