Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.17 and traded as low as $10.86. Nuveen Municipal High Income Opportunity Fund shares last traded at $10.88, with a volume of 368,697 shares changing hands.

Nuveen Municipal High Income Opportunity Fund Trading Down 1.4 %

The firm has a fifty day simple moving average of $11.16 and a two-hundred day simple moving average of $11.17.

Nuveen Municipal High Income Opportunity Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be issued a $0.0655 dividend. This represents a $0.79 annualized dividend and a yield of 7.22%. The ex-dividend date is Wednesday, January 15th.

Institutional Investors Weigh In On Nuveen Municipal High Income Opportunity Fund

Several institutional investors have recently added to or reduced their stakes in NMZ. B. Riley Wealth Advisors Inc. raised its position in shares of Nuveen Municipal High Income Opportunity Fund by 234.4% in the third quarter. B. Riley Wealth Advisors Inc. now owns 47,105 shares of the company’s stock valued at $552,000 after purchasing an additional 33,020 shares during the period. Horizon Kinetics Asset Management LLC raised its holdings in Nuveen Municipal High Income Opportunity Fund by 67.1% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 17,322 shares of the company’s stock valued at $202,000 after acquiring an additional 6,953 shares during the period. Cerity Partners LLC lifted its position in shares of Nuveen Municipal High Income Opportunity Fund by 81.6% during the third quarter. Cerity Partners LLC now owns 47,608 shares of the company’s stock worth $555,000 after acquiring an additional 21,390 shares in the last quarter. OneDigital Investment Advisors LLC boosted its holdings in shares of Nuveen Municipal High Income Opportunity Fund by 3.6% in the third quarter. OneDigital Investment Advisors LLC now owns 463,427 shares of the company’s stock worth $5,404,000 after acquiring an additional 15,985 shares during the period. Finally, Harbour Investments Inc. grew its position in shares of Nuveen Municipal High Income Opportunity Fund by 59.0% in the third quarter. Harbour Investments Inc. now owns 69,805 shares of the company’s stock valued at $814,000 after purchasing an additional 25,897 shares in the last quarter.

Nuveen Municipal High Income Opportunity Fund Company Profile

Nuveen Municipal High Income Opportunity Fund is a closed-end fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade tax-exempt municipal securities.