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

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.01 and traded as low as $7.87. Nuveen Preferred & Income Opportunities Fund shares last traded at $7.88, with a volume of 814,052 shares.

Nuveen Preferred & Income Opportunities Fund Stock Down 0.6 %

The company has a 50 day moving average of $7.98 and a 200-day moving average of $8.01.

Nuveen Preferred & Income Opportunities Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a $0.0665 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.80 annualized dividend and a yield of 10.13%.

Hedge Funds Weigh In On Nuveen Preferred & Income Opportunities Fund

Several hedge funds and other institutional investors have recently modified their holdings of JPC. Bramshill Investments LLC grew its holdings in shares of Nuveen Preferred & Income Opportunities Fund by 1.7% during the 4th quarter. Bramshill Investments LLC now owns 82,441 shares of the financial services provider’s stock worth $648,000 after acquiring an additional 1,350 shares during the period. Triumph Capital Management grew its stake in Nuveen Preferred & Income Opportunities Fund by 1.7% in the fourth quarter. Triumph Capital Management now owns 81,578 shares of the financial services provider’s stock worth $641,000 after purchasing an additional 1,367 shares during the period. US Bancorp DE raised its holdings in Nuveen Preferred & Income Opportunities Fund by 13.9% in the fourth quarter. US Bancorp DE now owns 13,330 shares of the financial services provider’s stock worth $105,000 after purchasing an additional 1,631 shares in the last quarter. Corient Private Wealth LLC lifted its position in Nuveen Preferred & Income Opportunities Fund by 12.0% during the fourth quarter. Corient Private Wealth LLC now owns 17,587 shares of the financial services provider’s stock valued at $138,000 after buying an additional 1,883 shares during the period. Finally, Spire Wealth Management boosted its holdings in shares of Nuveen Preferred & Income Opportunities Fund by 3.0% during the 4th quarter. Spire Wealth Management now owns 66,903 shares of the financial services provider’s stock valued at $526,000 after buying an additional 1,956 shares in the last quarter.

Nuveen Preferred & Income Opportunities Fund Company Profile

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.