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

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) crossed 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 Price Performance

The business’s fifty day moving average is $8.02 and its two-hundred day moving average is $7.89.

Nuveen Preferred & Income Opportunities Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be issued a $0.0665 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $0.80 dividend on an annualized basis and a dividend 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 JPC. Ashton Thomas Securities LLC bought a new position in shares of Nuveen Preferred & Income Opportunities Fund during the 3rd quarter valued at approximately $41,000. Philip James Wealth Mangement LLC bought a new position in Nuveen Preferred & Income Opportunities Fund during the third quarter valued at $81,000. Certified Advisory Corp purchased a new stake in shares of Nuveen Preferred & Income Opportunities Fund in the second quarter valued at $75,000. CWM LLC raised its stake in shares of Nuveen Preferred & Income Opportunities Fund by 17.8% in the third quarter. CWM LLC now owns 10,850 shares of the financial services provider’s stock valued at $88,000 after acquiring an additional 1,643 shares during the period. Finally, CreativeOne Wealth LLC bought a new stake in shares of Nuveen Preferred & Income Opportunities Fund in the 3rd quarter worth about $90,000.

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.