Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Stock Price Passes Above 50-Day Moving Average of $7.14

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $7.14 and traded as high as $7.22. Nuveen Preferred & Income Opportunities Fund shares last traded at $7.13, with a volume of 1,617,638 shares.

Nuveen Preferred & Income Opportunities Fund Trading Down 0.1 %

The firm’s fifty day moving average is $7.14 and its 200-day moving average is $6.68.

Nuveen Preferred & Income Opportunities Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 15th will be issued a dividend of $0.047 per share. The ex-dividend date is Thursday, March 14th. This represents a $0.56 annualized dividend and a yield of 7.91%.

Insider Buying and Selling at Nuveen Preferred & Income Opportunities Fund

In related news, VP Michael A. Perry bought 7,900 shares of the company’s stock in a transaction on Monday, March 11th. The stock was bought at an average cost of $7.18 per share, with a total value of $56,722.00. Following the completion of the acquisition, the vice president now owns 7,900 shares in the company, valued at approximately $56,722. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. UBS Group AG increased its holdings in Nuveen Preferred & Income Opportunities Fund by 1,159.2% in the fourth quarter. UBS Group AG now owns 3,386,454 shares of the financial services provider’s stock valued at $22,892,000 after buying an additional 3,117,522 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Nuveen Preferred & Income Opportunities Fund by 104.7% in the fourth quarter. Wells Fargo & Company MN now owns 3,232,672 shares of the financial services provider’s stock valued at $21,853,000 after buying an additional 1,653,505 shares in the last quarter. Raymond James & Associates increased its holdings in Nuveen Preferred & Income Opportunities Fund by 167.5% in the fourth quarter. Raymond James & Associates now owns 2,165,571 shares of the financial services provider’s stock valued at $14,639,000 after buying an additional 1,356,104 shares in the last quarter. Penserra Capital Management LLC increased its holdings in Nuveen Preferred & Income Opportunities Fund by 37.0% in the third quarter. Penserra Capital Management LLC now owns 1,719,629 shares of the financial services provider’s stock valued at $10,885,000 after buying an additional 464,683 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of Nuveen Preferred & Income Opportunities Fund by 0.6% in the first quarter. Invesco Ltd. now owns 1,556,678 shares of the financial services provider’s stock valued at $13,356,000 after purchasing an additional 9,029 shares during the last quarter.

Nuveen Preferred & Income Opportunities Fund Company Profile

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.