Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Nuveen Preferred & Income Opportunities Fund (NYSE:JPCGet Free Report)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $8.03 and traded as low as $7.91. Nuveen Preferred & Income Opportunities Fund shares last traded at $7.9350, with a volume of 609,736 shares changing hands.

Nuveen Preferred & Income Opportunities Fund Price Performance

The company has a 50-day moving average price of $7.84 and a 200 day moving average price of $8.03.

Nuveen Preferred & Income Opportunities Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be given a $0.0625 dividend. This represents a c) annualized dividend and a dividend yield of 9.5%. The ex-dividend date is Friday, May 15th.

Institutional Investors Weigh In On Nuveen Preferred & Income Opportunities Fund

A number of hedge funds have recently made changes to their positions in JPC. PNC Financial Services Group Inc. lifted its position in shares of Nuveen Preferred & Income Opportunities Fund by 173.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,154 shares of the financial services provider’s stock worth $26,000 after buying an additional 2,000 shares in the last quarter. US Bancorp DE lifted its position in shares of Nuveen Preferred & Income Opportunities Fund by 202.3% in the third quarter. US Bancorp DE now owns 5,977 shares of the financial services provider’s stock worth $49,000 after buying an additional 4,000 shares in the last quarter. Sunbelt Securities Inc. lifted its position in shares of Nuveen Preferred & Income Opportunities Fund by 820.6% in the fourth quarter. Sunbelt Securities Inc. now owns 8,000 shares of the financial services provider’s stock worth $65,000 after buying an additional 7,131 shares in the last quarter. Proathlete Wealth Management LLC purchased a new stake in shares of Nuveen Preferred & Income Opportunities Fund in the fourth quarter worth about $80,000. Finally, Collaborative Wealth Managment Inc. purchased a new stake in shares of Nuveen Preferred & Income Opportunities Fund in the fourth quarter worth about $83,000.

Nuveen Preferred & Income Opportunities Fund Company Profile

(Get Free Report)

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) is a closed-end management investment company managed by Nuveen Asset Management, an affiliate of Teachers Insurance and Annuity Association of America (TIAA). The fund’s primary objective is to provide high current income and the potential for capital appreciation by investing in a diversified portfolio of preferred and other income-producing securities.

The fund focuses on preferred and convertible securities issued by U.S. and global corporations, with flexibility to invest in common stocks, corporate debt, exchange-traded debt obligations and other fixed-income instruments.

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