Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $8.01 and traded as low as $7.94. Nuveen Preferred & Income Opportunities Fund shares last traded at $7.97, with a volume of 747,135 shares trading hands.

Nuveen Preferred & Income Opportunities Fund Trading Up 0.1 %

The company’s 50 day moving average is $7.98 and its 200-day moving average is $8.01.

Nuveen Preferred & Income Opportunities Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a $0.0665 dividend. This represents a $0.80 annualized dividend and a dividend yield of 10.02%. The ex-dividend date of this dividend is Friday, March 14th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Thoma Capital Management LLC acquired a new position in shares of Nuveen Preferred & Income Opportunities Fund in the 4th quarter valued at approximately $3,673,000. Wealth Enhancement Advisory Services LLC raised its holdings in Nuveen Preferred & Income Opportunities Fund by 143.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 58,285 shares of the financial services provider’s stock valued at $458,000 after acquiring an additional 34,384 shares in the last quarter. Northstar Financial Companies Inc. bought a new position in Nuveen Preferred & Income Opportunities Fund during the 4th quarter valued at $350,000. Ameriflex Group Inc. acquired a new position in Nuveen Preferred & Income Opportunities Fund during the 4th quarter worth $91,000. Finally, Kingstone Capital Partners Texas LLC bought a new stake in shares of Nuveen Preferred & Income Opportunities Fund in the 4th quarter worth about $133,000.

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.