Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Shares Cross Above 50-Day Moving Average of $8.99

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $8.99 and traded as high as $9.34. Nuveen Preferred & Income Opportunities Fund shares last traded at $9.32, with a volume of 180,412 shares changing hands.

The stock’s fifty day moving average price is $9.03 and its two-hundred day moving average price is $8.67.

The company also recently disclosed a monthly dividend, which was paid on Tuesday, December 1st. Stockholders of record on Friday, November 13th were issued a $0.053 dividend. The ex-dividend date of this dividend was Thursday, November 12th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.82%.

Institutional investors and hedge funds have recently made changes to their positions in the company. Advisor Group Holdings Inc. raised its holdings in shares of Nuveen Preferred & Income Opportunities Fund by 15.8% in the 2nd quarter. Advisor Group Holdings Inc. now owns 249,305 shares of the financial services provider’s stock valued at $2,051,000 after purchasing an additional 34,019 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in Nuveen Preferred & Income Opportunities Fund by 13.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 320,094 shares of the financial services provider’s stock worth $2,634,000 after acquiring an additional 38,325 shares in the last quarter. Baird Financial Group Inc. acquired a new stake in Nuveen Preferred & Income Opportunities Fund during the 2nd quarter worth $193,000. Sit Investment Associates Inc. acquired a new stake in Nuveen Preferred & Income Opportunities Fund during the 2nd quarter worth $2,870,000. Finally, Jane Street Group LLC acquired a new stake in Nuveen Preferred & Income Opportunities Fund during the 2nd quarter worth $130,000.

Nuveen Preferred & Income Opportunities Fund Company Profile (NYSE:JPC)

Nuveen Preferred & Income Opportunities Fund is a closed ended balanced mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC, Nuveen Asset Management, LLC, and NWQ Investment Management Company, LLC. It invests in the public equity and fixed income markets of the United States.

See Also: What is a Market Correction?

Receive News & Ratings for Nuveen Preferred & Income Opportunities Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuveen Preferred & Income Opportunities Fund and related companies with MarketBeat.com's FREE daily email newsletter.