Nuveen Preferred & Income Oprtnts Fnd (NYSE:JPC) Stock Price Up 15.3%

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Nuveen Preferred & Income Oprtnts Fnd (NYSE:JPC) shares rose 15.3% during trading on Wednesday . The company traded as high as $6.20 and last traded at $6.86, approximately 835,242 shares changed hands during mid-day trading. An increase of 48% from the average daily volume of 563,040 shares. The stock had previously closed at $5.95.

The stock’s 50-day moving average is $9.21 and its 200 day moving average is $9.96.

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be issued a dividend of $0.061 per share. This represents a $0.73 dividend on an annualized basis and a yield of 10.80%. The ex-dividend date of this dividend is Thursday, March 12th.

A number of hedge funds have recently added to or reduced their stakes in JPC. Millennium Management LLC bought a new position in Nuveen Preferred & Income Oprtnts Fnd during the 3rd quarter worth about $105,000. Boenning & Scattergood Inc. bought a new position in shares of Nuveen Preferred & Income Oprtnts Fnd in the 4th quarter valued at about $109,000. Islay Capital Management LLC bought a new position in shares of Nuveen Preferred & Income Oprtnts Fnd in the 4th quarter valued at about $118,000. Sunbelt Securities Inc. bought a new position in shares of Nuveen Preferred & Income Oprtnts Fnd in the 3rd quarter valued at about $118,000. Finally, Total Clarity Wealth Management Inc. bought a new position in shares of Nuveen Preferred & Income Oprtnts Fnd in the 4th quarter valued at about $123,000.

About Nuveen Preferred & Income Oprtnts Fnd (NYSE:JPC)

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.

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