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) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.12 and traded as low as $7.32. Nuveen Preferred & Income Opportunities Fund shares last traded at $7.4250, with a volume of 3,017,481 shares.

Nuveen Preferred & Income Opportunities Fund Stock Performance

The firm has a 50 day moving average of $8.10 and a two-hundred day moving average of $8.12.

Nuveen Preferred & Income Opportunities Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be issued a dividend of $0.0625 per share. The ex-dividend date is Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 10.1%.

Institutional Investors Weigh In On Nuveen Preferred & Income Opportunities Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Fund Advisors of America Inc FL bought a new position in Nuveen Preferred & Income Opportunities Fund during the fourth quarter worth $266,000. World Investment Advisors boosted its holdings in Nuveen Preferred & Income Opportunities Fund by 447.4% in the 4th quarter. World Investment Advisors now owns 100,323 shares of the financial services provider’s stock valued at $814,000 after purchasing an additional 81,997 shares during the period. Tempo Wealth LLC bought a new stake in Nuveen Preferred & Income Opportunities Fund in the 4th quarter valued at $106,000. Sunbelt Securities Inc. grew its position in Nuveen Preferred & Income Opportunities Fund by 820.6% in the 4th quarter. Sunbelt Securities Inc. now owns 8,000 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 7,131 shares during the last quarter. Finally, Invesco Ltd. grew its position in Nuveen Preferred & Income Opportunities Fund by 4.3% in the 4th quarter. Invesco Ltd. now owns 3,151,446 shares of the financial services provider’s stock worth $25,558,000 after purchasing an additional 130,564 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.