Nuveen Municipal Credit Opportunities Fund (NMCO) To Go Ex-Dividend on May 15th

Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) announced a monthly dividend on Friday, May 1st. Investors of record on Friday, May 15th will be paid a dividend of 0.0685 per share on Monday, June 1st. This represents a c) annualized dividend and a yield of 7.6%. The ex-dividend date of this dividend is Friday, May 15th.

Nuveen Municipal Credit Opportunities Fund Trading Down 0.2%

NYSE NMCO traded down $0.03 on Wednesday, hitting $10.79. The company’s stock had a trading volume of 36,709 shares, compared to its average volume of 141,159. Nuveen Municipal Credit Opportunities Fund has a 52-week low of $9.95 and a 52-week high of $10.99. The company’s 50-day simple moving average is $10.68 and its 200 day simple moving average is $10.64.

Hedge Funds Weigh In On Nuveen Municipal Credit Opportunities Fund

A number of institutional investors and hedge funds have recently modified their holdings of the company. Guggenheim Capital LLC lifted its position in Nuveen Municipal Credit Opportunities Fund by 22.3% during the fourth quarter. Guggenheim Capital LLC now owns 1,342,961 shares of the company’s stock valued at $13,738,000 after purchasing an additional 244,942 shares in the last quarter. UBS Group AG increased its holdings in shares of Nuveen Municipal Credit Opportunities Fund by 8.0% in the fourth quarter. UBS Group AG now owns 1,237,946 shares of the company’s stock worth $12,664,000 after purchasing an additional 91,725 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Nuveen Municipal Credit Opportunities Fund by 5.3% in the first quarter. Royal Bank of Canada now owns 342,759 shares of the company’s stock worth $3,667,000 after purchasing an additional 17,204 shares during the last quarter. Raymond James Financial Inc. increased its stake in Nuveen Municipal Credit Opportunities Fund by 11.7% during the third quarter. Raymond James Financial Inc. now owns 334,066 shares of the company’s stock worth $3,628,000 after acquiring an additional 34,879 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in Nuveen Municipal Credit Opportunities Fund by 3.5% during the fourth quarter. Advisors Asset Management Inc. now owns 226,040 shares of the company’s stock worth $2,312,000 after acquiring an additional 7,597 shares during the last quarter.

About Nuveen Municipal Credit Opportunities Fund

Nuveen Municipal Credit Opportunities Fund (NYSE: NMCO) is a closed-end management investment company that seeks to provide high current income exempt from federal income tax and, to the extent reasonably possible, exempt from or subject to limited United States state and local income taxes. The fund pursues its objective by primarily investing in a broad range of municipal securities, including investment-grade and below-investment-grade debt obligations issued by states, municipalities, public authorities and other political subdivisions across the United States.

NMCO’s portfolio construction emphasizes credit selection and active management strategies to target undervalued opportunities in both public and private municipal markets.