Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Stock Passes Above 50-Day Moving Average – Time to Sell?

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $8.14 and traded as high as $8.18. Nuveen Preferred & Income Opportunities Fund shares last traded at $8.14, with a volume of 971,712 shares.

Nuveen Preferred & Income Opportunities Fund Trading Down 0.2%

The company has a 50 day moving average of $8.14 and a 200-day moving average of $7.94.

Nuveen Preferred & Income Opportunities Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Wednesday, October 15th will be given a $0.0665 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a c) dividend on an annualized basis and a yield of 9.8%.

Institutional Investors Weigh In On Nuveen Preferred & Income Opportunities Fund

A number of hedge funds have recently bought and sold shares of JPC. Kingstone Capital Partners Texas LLC increased its holdings in shares of Nuveen Preferred & Income Opportunities Fund by 153,748.1% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 28,612,672 shares of the financial services provider’s stock valued at $226,393,000 after acquiring an additional 28,594,074 shares during the last quarter. Smith Asset Management Co. LLC purchased a new position in shares of Nuveen Preferred & Income Opportunities Fund in the 1st quarter valued at about $2,844,000. Jones Financial Companies Lllp increased its holdings in shares of Nuveen Preferred & Income Opportunities Fund by 11,427.5% in the 1st quarter. Jones Financial Companies Lllp now owns 249,800 shares of the financial services provider’s stock valued at $2,186,000 after acquiring an additional 247,633 shares during the last quarter. PFG Advisors purchased a new position in shares of Nuveen Preferred & Income Opportunities Fund in the 1st quarter valued at about $1,793,000. Finally, Cerity Partners LLC increased its holdings in shares of Nuveen Preferred & Income Opportunities Fund by 36.9% in the 1st quarter. Cerity Partners LLC now owns 782,487 shares of the financial services provider’s stock valued at $6,229,000 after acquiring an additional 210,802 shares during the last quarter.

Nuveen Preferred & Income Opportunities Fund Company Profile

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.