Nuveen Municipal High Income Oppty Fund (NYSE:NMZ) Stock Passes Above Fifty Day Moving Average of $14.26

Nuveen Municipal High Income Oppty Fund (NYSE:NMZ) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $14.26 and traded as high as $14.35. Nuveen Municipal High Income Oppty Fund shares last traded at $14.32, with a volume of 6,010 shares traded.

The company has a 50-day simple moving average of $14.25 and a 200-day simple moving average of $13.98.

The firm also recently announced a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a yield of 5.03%. The ex-dividend date is Friday, October 11th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Robinson Capital Management LLC boosted its stake in shares of Nuveen Municipal High Income Oppty Fund by 12.0% during the 3rd quarter. Robinson Capital Management LLC now owns 771,180 shares of the company’s stock worth $10,985,000 after acquiring an additional 82,771 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Nuveen Municipal High Income Oppty Fund by 50.6% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 85,124 shares of the company’s stock worth $1,188,000 after acquiring an additional 28,614 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in shares of Nuveen Municipal High Income Oppty Fund during the 2nd quarter worth approximately $174,000. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Nuveen Municipal High Income Oppty Fund by 35.7% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 84,016 shares of the company’s stock worth $1,173,000 after acquiring an additional 22,086 shares in the last quarter. Finally, Family Management Corp boosted its stake in shares of Nuveen Municipal High Income Oppty Fund by 48.6% during the 2nd quarter. Family Management Corp now owns 45,988 shares of the company’s stock worth $642,000 after acquiring an additional 15,034 shares in the last quarter.

Nuveen Municipal High Income Oppty Fund Company Profile (NYSE:NMZ)

Nuveen Municipal High Income Opportunity Fund is a closed-end fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade tax-exempt municipal securities.

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