Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.13 and traded as low as $9.68. Nuveen Municipal High Income Opportunity Fund shares last traded at $9.77, with a volume of 704,246 shares.

Nuveen Municipal High Income Opportunity Fund Price Performance

The business’s 50 day moving average price is $10.95 and its 200-day moving average price is $11.12.

Nuveen Municipal High Income Opportunity Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.0655 per share. This represents a $0.79 annualized dividend and a yield of 7.94%. The ex-dividend date of this dividend is Tuesday, April 15th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Providence First Trust Co acquired a new stake in shares of Nuveen Municipal High Income Opportunity Fund during the 4th quarter valued at approximately $32,000. Farther Finance Advisors LLC increased its stake in Nuveen Municipal High Income Opportunity Fund by 107.4% during the fourth quarter. Farther Finance Advisors LLC now owns 3,347 shares of the company’s stock valued at $36,000 after purchasing an additional 1,733 shares during the last quarter. Fifth Third Bancorp acquired a new stake in shares of Nuveen Municipal High Income Opportunity Fund during the fourth quarter worth $70,000. Diversify Wealth Management LLC acquired a new stake in Nuveen Municipal High Income Opportunity Fund during the fourth quarter worth about $109,000. Finally, Intellus Advisors LLC bought a new stake in shares of Nuveen Municipal High Income Opportunity Fund in the 4th quarter worth approximately $108,000.

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.