Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Shares Cross Below 200 Day Moving Average – Here’s Why

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.05 and traded as low as $7.96. Nuveen Preferred & Income Opportunities Fund shares last traded at $7.9650, with a volume of 1,791,323 shares traded.

Nuveen Preferred & Income Opportunities Fund Stock Performance

The company’s 50 day moving average price is $8.15 and its two-hundred day moving average price is $8.05.

Nuveen Preferred & Income Opportunities Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be given a dividend of $0.0665 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a c) dividend on an annualized basis and a yield of 10.0%.

Hedge Funds Weigh In On Nuveen Preferred & Income Opportunities Fund

Several institutional investors have recently made changes to their positions in the company. Townsquare Capital LLC raised its holdings in shares of Nuveen Preferred & Income Opportunities Fund by 2.6% in the first quarter. Townsquare Capital LLC now owns 55,308 shares of the financial services provider’s stock valued at $440,000 after acquiring an additional 1,415 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV increased its position in Nuveen Preferred & Income Opportunities Fund by 3.2% during the 2nd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 47,750 shares of the financial services provider’s stock valued at $383,000 after purchasing an additional 1,500 shares during the period. Creative Planning raised its holdings in shares of Nuveen Preferred & Income Opportunities Fund by 13.7% in the 2nd quarter. Creative Planning now owns 12,482 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 1,507 shares in the last quarter. Investmark Advisory Group LLC lifted its position in shares of Nuveen Preferred & Income Opportunities Fund by 3.6% in the 3rd quarter. Investmark Advisory Group LLC now owns 45,253 shares of the financial services provider’s stock worth $371,000 after purchasing an additional 1,565 shares during the period. Finally, D.A. Davidson & CO. lifted its position in shares of Nuveen Preferred & Income Opportunities Fund by 8.7% in the 2nd quarter. D.A. Davidson & CO. now owns 20,458 shares of the financial services provider’s stock worth $164,000 after purchasing an additional 1,634 shares during the period.

About Nuveen Preferred & Income Opportunities Fund

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.