Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.33 and traded as low as $9.99. Nuveen Municipal High Income Opportunity Fund shares last traded at $10.0050, with a volume of 1,018,965 shares traded.

Nuveen Municipal High Income Opportunity Fund Price Performance

The company’s 50 day moving average is $10.29 and its two-hundred day moving average is $10.32.

Nuveen Municipal High Income Opportunity Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be given a dividend of $0.0655 per share. This represents a c) annualized dividend and a dividend yield of 7.9%. The ex-dividend date is Friday, August 14th.

Institutional Trading of Nuveen Municipal High Income Opportunity Fund

A number of large investors have recently bought and sold shares of the stock. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Nuveen Municipal High Income Opportunity Fund by 35.3% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 2,217,036 shares of the company’s stock valued at $23,434,000 after purchasing an additional 577,934 shares in the last quarter. UBS Group AG increased its position in shares of Nuveen Municipal High Income Opportunity Fund by 3.7% during the 4th quarter. UBS Group AG now owns 2,031,169 shares of the company’s stock worth $20,698,000 after purchasing an additional 72,869 shares in the last quarter. Guggenheim Capital LLC increased its position in shares of Nuveen Municipal High Income Opportunity Fund by 10.5% during the 4th quarter. Guggenheim Capital LLC now owns 1,816,855 shares of the company’s stock worth $18,514,000 after purchasing an additional 172,150 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in Nuveen Municipal High Income Opportunity Fund by 9.8% during the 3rd quarter. Raymond James Financial Inc. now owns 1,125,161 shares of the company’s stock valued at $11,915,000 after purchasing an additional 100,526 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in Nuveen Municipal High Income Opportunity Fund by 185.9% during the 2nd quarter. Bank of America Corp DE now owns 1,112,841 shares of the company’s stock valued at $11,763,000 after purchasing an additional 723,642 shares during the last quarter.

Nuveen Municipal High Income Opportunity Fund Company Profile

Nuveen Municipal High Income Opportunity Fund (NYSE: NMZ) is a closed-end management investment company that seeks to provide high current income exempt from federal income tax. The fund accomplishes this objective primarily through investments in a diversified portfolio of municipal obligations issued by state and local governments and their agencies across the United States. These securities may include general obligation bonds, revenue bonds, auction-rate securities and other types of tax-exempt debt.

To enhance yield, the fund employs leverage by borrowing against its assets, a strategy common among closed-end municipal funds.