Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.14 and traded as low as $7.97. Nuveen Preferred & Income Opportunities Fund shares last traded at $7.9750, with a volume of 990,980 shares trading hands.

Nuveen Preferred & Income Opportunities Fund Stock Performance

The stock has a 50-day simple moving average of $8.15 and a two-hundred day simple moving average of $8.14.

Nuveen Preferred & Income Opportunities Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be given a dividend of $0.0625 per share. The ex-dividend date is Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 9.4%.

Institutional Trading of Nuveen Preferred & Income Opportunities Fund

A number of hedge funds have recently bought and sold shares of JPC. PNC Financial Services Group Inc. grew its position in Nuveen Preferred & Income Opportunities Fund by 173.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,154 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 2,000 shares during the last quarter. Financial Consulate Inc. bought a new stake in shares of Nuveen Preferred & Income Opportunities Fund in the 3rd quarter worth approximately $31,000. CoreFirst Bank & Trust bought a new stake in shares of Nuveen Preferred & Income Opportunities Fund in the 2nd quarter worth approximately $34,000. AdvisorNet Financial Inc boosted its stake in shares of Nuveen Preferred & Income Opportunities Fund by 72.3% in the 3rd quarter. AdvisorNet Financial Inc now owns 4,105 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 1,723 shares in the last quarter. Finally, US Bancorp DE boosted its stake in shares of Nuveen Preferred & Income Opportunities Fund by 202.3% in the 3rd quarter. US Bancorp DE now owns 5,977 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 4,000 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.