Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.89 and traded as low as $7.76. Nuveen Preferred & Income Opportunities Fund shares last traded at $7.78, with a volume of 789,000 shares traded.

Nuveen Preferred & Income Opportunities Fund Trading Down 0.1%

The firm has a 50-day simple moving average of $7.68 and a 200-day simple moving average of $7.89.

Nuveen Preferred & Income Opportunities Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be given a dividend of $0.0665 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.80 annualized dividend and a dividend yield of 10.26%.

Institutional Investors Weigh In On Nuveen Preferred & Income Opportunities Fund

Several institutional investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. lifted its position in shares of Nuveen Preferred & Income Opportunities Fund by 10.2% during the first quarter. Geneos Wealth Management Inc. now owns 188,843 shares of the financial services provider’s stock worth $1,503,000 after acquiring an additional 17,527 shares in the last quarter. Smith Asset Management Co. LLC purchased a new stake in shares of Nuveen Preferred & Income Opportunities Fund during the first quarter worth $2,844,000. Jones Financial Companies Lllp raised its position in shares of Nuveen Preferred & Income Opportunities Fund by 11,427.5% in the first quarter. Jones Financial Companies Lllp now owns 249,800 shares of the financial services provider’s stock worth $2,186,000 after buying an additional 247,633 shares in the last quarter. Curi RMB Capital LLC purchased a new stake in shares of Nuveen Preferred & Income Opportunities Fund in the first quarter worth $295,000. Finally, WPG Advisers LLC purchased a new stake in shares of Nuveen Preferred & Income Opportunities Fund in the first quarter worth $37,000.

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.