Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.01 and traded as low as $7.78. Nuveen Preferred & Income Opportunities Fund shares last traded at $7.7950, with a volume of 806,557 shares.

Nuveen Preferred & Income Opportunities Fund Trading Down 0.3%

The company has a 50 day simple moving average of $7.88 and a 200 day simple moving average of $8.01.

Nuveen Preferred & Income Opportunities Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be paid a dividend of $0.0625 per share. This represents a c) annualized dividend and a yield of 9.6%. The ex-dividend date is Monday, June 15th.

Institutional Investors Weigh In On Nuveen Preferred & Income Opportunities Fund

Large investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its stake in Nuveen Preferred & Income Opportunities Fund by 173.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,154 shares of the financial services provider’s stock worth $26,000 after buying an additional 2,000 shares in the last quarter. US Bancorp DE increased its stake in Nuveen Preferred & Income Opportunities Fund by 202.3% during the 3rd quarter. US Bancorp DE now owns 5,977 shares of the financial services provider’s stock worth $49,000 after buying an additional 4,000 shares in the last quarter. Sunbelt Securities Inc. increased its stake in Nuveen Preferred & Income Opportunities Fund by 820.6% during the 4th quarter. Sunbelt Securities Inc. now owns 8,000 shares of the financial services provider’s stock worth $65,000 after buying an additional 7,131 shares in the last quarter. Proathlete Wealth Management LLC purchased a new stake in Nuveen Preferred & Income Opportunities Fund during the 4th quarter worth approximately $80,000. Finally, Collaborative Wealth Managment Inc. purchased a new stake in Nuveen Preferred & Income Opportunities Fund during the 4th quarter worth approximately $83,000.

Nuveen Preferred & Income Opportunities Fund Company Profile

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.