Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ – Get Free Report) announced a monthly dividend on Thursday, October 1st. Investors of record on Thursday, October 15th will be paid a dividend of $0.0655 per share on Monday, November 2nd. This represents a $0.79 annualized dividend and a dividend yield of 8.7%. The ex-dividend date is Thursday, October 15th.
Nuveen Municipal High Income Opportunity Fund Stock Performance
NMZ opened at $8.99 on Friday. Nuveen Municipal High Income Opportunity Fund has a 12-month low of $8.70 and a 12-month high of $10.77. The stock has a fifty day moving average of $9.81 and a 200-day moving average of $10.13.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. acquired a new position in Nuveen Municipal High Income Opportunity Fund during the second quarter valued at approximately $268,000. Envestnet Asset Management Inc. boosted its position in Nuveen Municipal High Income Opportunity Fund by 4.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 85,443 shares of the company’s stock worth $903,000 after acquiring an additional 3,842 shares during the last quarter. Smith Chas P & Associates PA Cpas lifted its position in shares of Nuveen Municipal High Income Opportunity Fund by 24.6% in the second quarter. Smith Chas P & Associates PA Cpas now owns 14,700 shares of the company’s stock worth $155,000 after purchasing an additional 2,900 shares in the last quarter. Palogic Value Management L.P. grew its position in Nuveen Municipal High Income Opportunity Fund by 1.9% in the second quarter. Palogic Value Management L.P. now owns 135,750 shares of the company’s stock valued at $1,435,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Nuveen Municipal High Income Opportunity Fund in the 2nd quarter valued at about $135,000.
About Nuveen Municipal High Income Opportunity Fund
Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) is a closed-end investment company managed by Nuveen. The fund seeks to provide current income that is exempt from regular federal income tax by investing primarily in municipal securities issued by states, cities, counties and other public entities in the United States.
The fund focuses on higher-yielding municipal bonds, including securities that may carry lower credit ratings or be considered below investment grade. Its portfolio may include tax-exempt bonds financing public infrastructure, essential services and other governmental or community projects.
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