Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ – Get Free Report) announced a monthly dividend on Monday, November 2nd. Stockholders of record on Friday, November 13th will be given a dividend of $0.0655 per share on Tuesday, December 1st. This represents a $0.79 annualized dividend and a dividend yield of 9.0%. The ex-dividend date is Friday, November 13th.
Nuveen Municipal High Income Opportunity Fund Stock Performance
NMZ stock opened at $8.73 on Tuesday. The company’s fifty day simple moving average is $9.26 and its 200 day simple moving average is $10.07. Nuveen Municipal High Income Opportunity Fund has a 12-month low of $8.62 and a 12-month high of $10.77.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in NMZ. MGO One Seven LLC boosted its position in shares of Nuveen Municipal High Income Opportunity Fund by 4.2% during the 2nd quarter. MGO One Seven LLC now owns 28,620 shares of the company’s stock worth $303,000 after purchasing an additional 1,156 shares in the last quarter. Breakwater Capital Group increased its position in Nuveen Municipal High Income Opportunity Fund by 1.1% in the 3rd quarter. Breakwater Capital Group now owns 111,971 shares of the company’s stock valued at $1,003,000 after buying an additional 1,196 shares in the last quarter. Concurrent Investment Advisors LLC increased its position in Nuveen Municipal High Income Opportunity Fund by 10.9% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 13,268 shares of the company’s stock valued at $140,000 after buying an additional 1,304 shares in the last quarter. PFG Investments LLC raised its stake in Nuveen Municipal High Income Opportunity Fund by 1.0% during the 1st quarter. PFG Investments LLC now owns 127,716 shares of the company’s stock worth $1,326,000 after buying an additional 1,315 shares during the period. Finally, EQ Wealth Advisors LLC raised its stake in Nuveen Municipal High Income Opportunity Fund by 3.5% during the 1st quarter. EQ Wealth Advisors LLC now owns 65,886 shares of the company’s stock worth $684,000 after buying an additional 2,240 shares during the period.
Nuveen Municipal High Income Opportunity Fund Company Profile
Nuveen Municipal High Income Opportunity Fund (NYSE: NMZ) is a closed-end investment fund managed by Nuveen, an investment management firm and subsidiary of TIAA. The fund seeks to provide high current income that is exempt from regular U.S. federal income tax by investing primarily in municipal securities issued by states, municipalities and other governmental entities.
The fund focuses on municipal bonds and related investments, including securities that may carry below-investment-grade ratings or be considered unrated.
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