Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.89 and traded as low as $7.89. Nuveen Preferred & Income Opportunities Fund shares last traded at $7.95, with a volume of 1,272,415 shares changing hands.

Nuveen Preferred & Income Opportunities Fund Stock Down 0.6 %

The business has a fifty day moving average price of $8.02 and a two-hundred day moving average price of $7.89.

Nuveen Preferred & Income Opportunities Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be paid a $0.0665 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.80 annualized dividend and a yield of 10.04%.

Institutional Investors Weigh In On Nuveen Preferred & Income Opportunities Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its stake in shares of Nuveen Preferred & Income Opportunities Fund by 10.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 30,076 shares of the financial services provider’s stock worth $225,000 after purchasing an additional 2,787 shares in the last quarter. Choreo LLC raised its position in Nuveen Preferred & Income Opportunities Fund by 88.7% during the second quarter. Choreo LLC now owns 157,280 shares of the financial services provider’s stock valued at $1,172,000 after acquiring an additional 73,918 shares in the last quarter. Prevail Innovative Wealth Advisors LLC lifted its stake in Nuveen Preferred & Income Opportunities Fund by 307.7% in the second quarter. Prevail Innovative Wealth Advisors LLC now owns 376,070 shares of the financial services provider’s stock valued at $2,809,000 after acquiring an additional 283,822 shares during the last quarter. CoreCap Advisors LLC bought a new stake in Nuveen Preferred & Income Opportunities Fund in the second quarter worth approximately $1,751,000. Finally, J.W. Cole Advisors Inc. bought a new stake in Nuveen Preferred & Income Opportunities Fund in the second quarter worth approximately $146,000.

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.