Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Shares Pass Below 200 Day Moving Average – What’s Next?

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.13 and traded as low as $9.68. Nuveen Municipal High Income Opportunity Fund shares last traded at $9.77, with a volume of 704,246 shares trading hands.

Nuveen Municipal High Income Opportunity Fund Trading Up 1.6 %

The business has a fifty day moving average price of $10.95 and a 200 day moving average price of $11.12.

Nuveen Municipal High Income Opportunity Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be issued a $0.0655 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.79 dividend on an annualized basis and a dividend yield of 7.94%.

Institutional Trading of Nuveen Municipal High Income Opportunity Fund

A number of institutional investors have recently modified their holdings of NMZ. Traynor Capital Management Inc. raised its holdings in Nuveen Municipal High Income Opportunity Fund by 0.7% in the fourth quarter. Traynor Capital Management Inc. now owns 139,844 shares of the company’s stock valued at $1,512,000 after buying an additional 1,032 shares during the period. Integrated Capital Management Inc. raised its stake in shares of Nuveen Municipal High Income Opportunity Fund by 3.3% in the 1st quarter. Integrated Capital Management Inc. now owns 37,565 shares of the company’s stock valued at $410,000 after acquiring an additional 1,190 shares during the period. First Foundation Advisors raised its stake in shares of Nuveen Municipal High Income Opportunity Fund by 14.3% in the 4th quarter. First Foundation Advisors now owns 11,425 shares of the company’s stock valued at $124,000 after acquiring an additional 1,425 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Nuveen Municipal High Income Opportunity Fund by 107.4% during the 4th quarter. Farther Finance Advisors LLC now owns 3,347 shares of the company’s stock valued at $36,000 after acquiring an additional 1,733 shares in the last quarter. Finally, Truist Financial Corp boosted its position in Nuveen Municipal High Income Opportunity Fund by 3.6% during the 4th quarter. Truist Financial Corp now owns 56,416 shares of the company’s stock worth $610,000 after purchasing an additional 1,971 shares during the period.

Nuveen Municipal High Income Opportunity Fund Company Profile

Nuveen Municipal High Income Opportunity Fund is a closed-end fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade tax-exempt municipal securities.