Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) Stock to Pay Monthly Dividend of $0.07

Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) announced a monthly dividend on Monday, November 2nd. Investors of record on Friday, November 13th will be paid a dividend of $0.0685 per share on Tuesday, December 1st. This represents a $0.82 dividend on an annualized basis and a yield of 9.2%. The ex-dividend date of this dividend is Friday, November 13th.

Nuveen Municipal Credit Opportunities Fund Trading Up 0.1%

Shares of Nuveen Municipal Credit Opportunities Fund stock traded up $0.01 during trading on Tuesday, hitting $8.93. The stock had a trading volume of 190,906 shares, compared to its average volume of 281,492. The business’s 50-day moving average is $9.25 and its 200 day moving average is $10.33. Nuveen Municipal Credit Opportunities Fund has a 12 month low of $8.33 and a 12 month high of $11.00.

Insider Activity at Nuveen Municipal Credit Opportunities Fund

In other news, insider Young L. Robert purchased 28,575 shares of the company’s stock in a transaction that occurred on Friday, October 23rd. The shares were bought at an average cost of $8.71 per share, for a total transaction of $248,888.25. Following the completion of the transaction, the insider directly owned 28,575 shares of the company’s stock, valued at $248,888.25. This trade represents a ? increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Portfolio Manager Michael S. Hamilton purchased 3,000 shares of the stock in a transaction dated Friday, October 9th. The stock was bought at an average cost of $8.70 per share, with a total value of $26,100.00. Following the transaction, the portfolio manager owned 3,000 shares in the company, valued at $26,100. The trade was a ? increase in their ownership of the stock. The SEC filing for this purchase provides additional information.

Institutional Trading of Nuveen Municipal Credit Opportunities Fund

Several hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE grew its holdings in shares of Nuveen Municipal Credit Opportunities Fund by 12.1% during the first quarter. Bank of America Corp DE now owns 1,565,852 shares of the company’s stock valued at $16,567,000 after buying an additional 168,635 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in shares of Nuveen Municipal Credit Opportunities Fund by 72.0% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 320,389 shares of the company’s stock valued at $3,489,000 after acquiring an additional 134,105 shares during the period. Melone Private Wealth LLC boosted its stake in shares of Nuveen Municipal Credit Opportunities Fund by 8.3% in the second quarter. Melone Private Wealth LLC now owns 697,450 shares of the company’s stock valued at $7,595,000 after purchasing an additional 53,453 shares during the period. LM Advisors LLC acquired a new position in shares of Nuveen Municipal Credit Opportunities Fund during the second quarter worth about $452,000. Finally, Worth Asset Management LLC acquired a new position in shares of Nuveen Municipal Credit Opportunities Fund during the 2nd quarter worth about $254,000.

Nuveen Municipal Credit Opportunities Fund Company Profile

Nuveen Municipal Credit Opportunities Fund (NYSE: NMCO) is a closed-end management investment company advised by Nuveen Asset Management, LLC. The fund seeks to provide current income that is generally exempt from regular federal income tax, with capital appreciation as a secondary objective.

NMCO invests primarily in municipal securities issued by states, cities, counties, special districts and other governmental or public entities in the United States. Its portfolio may emphasize lower-rated, unrated or otherwise credit-sensitive municipal bonds, allowing the fund to pursue opportunities across the municipal credit market while accepting greater credit and investment risk than funds focused solely on highly rated securities.

Nuveen is an asset-management company specializing in income-oriented and alternative investments, including municipal bonds.