Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO – Get Free Report) announced a monthly dividend on Monday, June 1st. Investors of record on Monday, June 15th will be given a dividend of 0.0685 per share on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 7.6%. The ex-dividend date is Monday, June 15th.
Nuveen Municipal Credit Opportunities Fund Stock Up 0.2%
NMCO stock opened at $10.78 on Friday. Nuveen Municipal Credit Opportunities Fund has a 1 year low of $9.95 and a 1 year high of $11.00. The stock’s 50 day moving average price is $10.72 and its 200 day moving average price is $10.63.
Institutional Investors Weigh In On Nuveen Municipal Credit Opportunities Fund
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE lifted its stake in Nuveen Municipal Credit Opportunities Fund by 12.1% in the 1st quarter. Bank of America Corp DE now owns 1,565,852 shares of the company’s stock valued at $16,567,000 after buying an additional 168,635 shares in the last quarter. Guggenheim Capital LLC raised its holdings in Nuveen Municipal Credit Opportunities Fund by 22.3% in the 4th quarter. Guggenheim Capital LLC now owns 1,342,961 shares of the company’s stock valued at $13,738,000 after acquiring an additional 244,942 shares during the last quarter. UBS Group AG lifted its stake in shares of Nuveen Municipal Credit Opportunities Fund by 8.0% during the 4th quarter. UBS Group AG now owns 1,237,946 shares of the company’s stock worth $12,664,000 after purchasing an additional 91,725 shares during the period. Royal Bank of Canada lifted its stake in shares of Nuveen Municipal Credit Opportunities Fund by 5.3% during the 1st quarter. Royal Bank of Canada now owns 342,759 shares of the company’s stock worth $3,667,000 after purchasing an additional 17,204 shares during the period. Finally, Raymond James Financial Inc. lifted its stake in shares of Nuveen Municipal Credit Opportunities Fund by 11.7% during the 3rd quarter. Raymond James Financial Inc. now owns 334,066 shares of the company’s stock worth $3,628,000 after purchasing an additional 34,879 shares during the period.
About Nuveen Municipal Credit Opportunities Fund
Nuveen Municipal Credit Opportunities Fund (NYSE: NMCO) is a closed-end management investment company that seeks to provide high current income exempt from federal income tax and, to the extent reasonably possible, exempt from or subject to limited United States state and local income taxes. The fund pursues its objective by primarily investing in a broad range of municipal securities, including investment-grade and below-investment-grade debt obligations issued by states, municipalities, public authorities and other political subdivisions across the United States.
NMCO’s portfolio construction emphasizes credit selection and active management strategies to target undervalued opportunities in both public and private municipal markets.
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