Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) to Issue $0.06 Monthly Dividend

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) announced a monthly dividend on Wednesday, July 1st. Investors of record on Wednesday, July 15th will be given a dividend of 0.0625 per share by the financial services provider on Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 9.5%. The ex-dividend date of this dividend is Wednesday, July 15th.

Nuveen Preferred & Income Opportunities Fund Trading Down 0.3%

Shares of JPC opened at $7.86 on Thursday. The stock has a fifty day moving average price of $7.86 and a two-hundred day moving average price of $7.98. Nuveen Preferred & Income Opportunities Fund has a 52-week low of $7.22 and a 52-week high of $8.30.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in JPC. Sanctuary Advisors LLC grew its stake in shares of Nuveen Preferred & Income Opportunities Fund by 7.4% during the fourth quarter. Sanctuary Advisors LLC now owns 336,817 shares of the financial services provider’s stock valued at $2,732,000 after purchasing an additional 23,080 shares during the last quarter. Oakworth Capital Inc. bought a new position in Nuveen Preferred & Income Opportunities Fund in the 4th quarter worth approximately $89,000. Chicago Partners Investment Group LLC raised its position in Nuveen Preferred & Income Opportunities Fund by 0.7% in the 4th quarter. Chicago Partners Investment Group LLC now owns 536,132 shares of the financial services provider’s stock worth $4,364,000 after purchasing an additional 3,629 shares during the last quarter. SageGuard Financial Group LLC acquired a new position in Nuveen Preferred & Income Opportunities Fund during the 4th quarter worth $217,000. Finally, Savvy Advisors Inc. acquired a new position in Nuveen Preferred & Income Opportunities Fund during the 4th quarter worth $351,000.

About Nuveen Preferred & Income Opportunities Fund

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) is a closed-end management investment company managed by Nuveen Asset Management, an affiliate of Teachers Insurance and Annuity Association of America (TIAA). The fund’s primary objective is to provide high current income and the potential for capital appreciation by investing in a diversified portfolio of preferred and other income-producing securities.

The fund focuses on preferred and convertible securities issued by U.S. and global corporations, with flexibility to invest in common stocks, corporate debt, exchange-traded debt obligations and other fixed-income instruments.