Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.08 and traded as low as $10.29. Nuveen Municipal High Income Opportunity Fund shares last traded at $10.35, with a volume of 475,416 shares trading hands.

Nuveen Municipal High Income Opportunity Fund Trading Up 0.6 %

The company’s fifty day moving average price is $10.85 and its two-hundred day moving average price is $11.08.

Nuveen Municipal High Income Opportunity Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be issued a $0.0655 dividend. This represents a $0.79 dividend on an annualized basis and a yield of 7.60%. The ex-dividend date of this dividend is Tuesday, April 15th.

Hedge Funds Weigh In On Nuveen Municipal High Income Opportunity Fund

Large investors have recently modified their holdings of the company. Guggenheim Capital LLC lifted its position in Nuveen Municipal High Income Opportunity Fund by 2.1% during the fourth quarter. Guggenheim Capital LLC now owns 1,592,392 shares of the company’s stock valued at $17,214,000 after buying an additional 32,666 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Nuveen Municipal High Income Opportunity Fund in the 4th quarter valued at $9,404,000. Hennion & Walsh Asset Management Inc. raised its position in Nuveen Municipal High Income Opportunity Fund by 22.8% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 763,111 shares of the company’s stock valued at $8,326,000 after purchasing an additional 141,577 shares during the period. Melone Private Wealth LLC boosted its position in shares of Nuveen Municipal High Income Opportunity Fund by 5.3% in the first quarter. Melone Private Wealth LLC now owns 545,437 shares of the company’s stock worth $5,951,000 after buying an additional 27,440 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of Nuveen Municipal High Income Opportunity Fund by 13.4% in the fourth quarter. Bank of America Corp DE now owns 545,001 shares of the company’s stock valued at $5,891,000 after buying an additional 64,387 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.