Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Shares of Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $7.95 and traded as low as $7.68. Nuveen Preferred & Income Opportunities Fund shares last traded at $7.7050, with a volume of 738,797 shares.

Nuveen Preferred & Income Opportunities Fund Trading Up 0.1%

The stock has a 50-day moving average price of $7.82 and a 200 day moving average price of $7.95.

Nuveen Preferred & Income Opportunities Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th will be given a dividend of $0.0625 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) annualized dividend and a yield of 9.7%.

Institutional Investors Weigh In On Nuveen Preferred & Income Opportunities Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Heartland Consultants Inc. purchased a new position in shares of Nuveen Preferred & Income Opportunities Fund during the second quarter worth approximately $106,000. CoreCap Advisors LLC raised its position in Nuveen Preferred & Income Opportunities Fund by 2.0% in the 2nd quarter. CoreCap Advisors LLC now owns 222,698 shares of the financial services provider’s stock valued at $1,755,000 after purchasing an additional 4,335 shares during the last quarter. Western Wealth Management LLC acquired a new stake in Nuveen Preferred & Income Opportunities Fund during the 1st quarter worth $181,000. Segall Bryant & Hamill LLC acquired a new stake in Nuveen Preferred & Income Opportunities Fund during the 1st quarter worth $105,000. Finally, Bank of America Corp DE boosted its stake in Nuveen Preferred & Income Opportunities Fund by 5.6% during the 1st quarter. Bank of America Corp DE now owns 4,777,122 shares of the financial services provider’s stock worth $36,019,000 after purchasing an additional 254,855 shares during the period.

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.