Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $7.62 and traded as low as $6.62. Nuveen Preferred & Income Opportunities Fund shares last traded at $6.7550, with a volume of 2,260,482 shares traded.

Nuveen Preferred & Income Opportunities Fund Trading Up 1.6%

The company has a fifty day moving average price of $7.25 and a two-hundred day moving average price of $7.62.

Nuveen Preferred & Income Opportunities Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be paid a dividend of $0.0625 per share. This represents a $0.75 dividend on an annualized basis and a yield of 11.1%. The ex-dividend date of this dividend is Thursday, October 15th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of JPC. Bank of America Corp DE bought a new stake in shares of Nuveen Preferred & Income Opportunities Fund during the second quarter worth $39,705,000. Royal Bank of Canada raised its holdings in shares of Nuveen Preferred & Income Opportunities Fund by 154.9% during the first quarter. Royal Bank of Canada now owns 2,881,952 shares of the financial services provider’s stock worth $21,730,000 after acquiring an additional 1,751,478 shares during the period. Cetera Investment Advisers lifted its position in Nuveen Preferred & Income Opportunities Fund by 9.6% in the 1st quarter. Cetera Investment Advisers now owns 803,340 shares of the financial services provider’s stock valued at $6,057,000 after acquiring an additional 70,033 shares in the last quarter. Kestra Advisory Services LLC lifted its position in Nuveen Preferred & Income Opportunities Fund by 13.3% in the 1st quarter. Kestra Advisory Services LLC now owns 744,388 shares of the financial services provider’s stock valued at $5,613,000 after acquiring an additional 87,270 shares in the last quarter. Finally, FCA Corp TX boosted its stake in Nuveen Preferred & Income Opportunities Fund by 2.1% in the 1st quarter. FCA Corp TX now owns 526,494 shares of the financial services provider’s stock worth $3,970,000 after purchasing an additional 10,817 shares during the period.

Nuveen Preferred & Income Opportunities Fund Company Profile

Nuveen Preferred & Income Opportunities Fund (NYSE: JPC) is a diversified closed-end management investment company designed to provide investors with current income and the potential for capital appreciation. The fund is managed by Nuveen, an investment manager specializing in income-oriented and other alternative investment strategies.

JPC invests primarily in preferred securities and other income-producing investments. Its portfolio may also include corporate debt securities, convertible securities and common stocks, with the objective of generating income while managing interest-rate, credit and other investment risks.