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

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC – Get Free Report)’s share price passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $7.71 and traded as low as $6.81. Nuveen Preferred & Income Opportunities Fund shares last traded at $6.8250, with a volume of 2,374,754 shares changing hands.

Nuveen Preferred & Income Opportunities Fund Trading Up 0.4%

The business’s 50-day moving average is $7.45 and its 200-day moving average is $7.71.

Nuveen Preferred & Income Opportunities Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.0625 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.75 annualized dividend and a yield of 11.0%.

Institutional Trading of Nuveen Preferred & Income Opportunities Fund

Several institutional investors and hedge funds have recently made changes to their positions in the business. NewEdge Wealth LLC bought a new stake in Nuveen Preferred & Income Opportunities Fund in the second quarter valued at approximately $79,000. Fox Hill Wealth Management acquired a new stake in shares of Nuveen Preferred & Income Opportunities Fund in the fourth quarter valued at approximately $86,000. SFE Investment Counsel bought a new position in shares of Nuveen Preferred & Income Opportunities Fund in the 2nd quarter valued at about $101,000. Segall Bryant & Hamill LLC bought a new position in Nuveen Preferred & Income Opportunities Fund in the first quarter valued at approximately $105,000. Finally, Tempo Wealth LLC acquired a new position in Nuveen Preferred & Income Opportunities Fund during the fourth quarter worth $106,000.

About Nuveen Preferred & Income Opportunities Fund

(Get Free Report)

Nuveen Preferred & Income Opportunities Fund (NYSE: JPC) is a diversified closed-end management investment company designed to provide investors with current income and the potential for capital appreciation. The fund is managed by Nuveen, an investment manager specializing in income-oriented and other alternative investment strategies.

JPC invests primarily in preferred securities and other income-producing investments. Its portfolio may also include corporate debt securities, convertible securities and common stocks, with the objective of generating income while managing interest-rate, credit and other investment risks.

Further Reading

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