Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) Plans Monthly Dividend of $0.07

Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) declared a monthly dividend on Friday, May 1st. Stockholders of record on Friday, May 15th will be given a dividend of 0.0685 per share on Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 7.6%. The ex-dividend date is Friday, May 15th.

Nuveen Municipal Credit Opportunities Fund Stock Performance

Shares of NYSE:NMCO traded down $0.03 during trading hours on Wednesday, hitting $10.79. 30,674 shares of the company’s stock traded hands, compared to its average volume of 141,083. Nuveen Municipal Credit Opportunities Fund has a 52 week low of $9.95 and a 52 week high of $10.99. The company’s fifty day simple moving average is $10.68 and its two-hundred day simple moving average is $10.64.

Hedge Funds Weigh In On Nuveen Municipal Credit Opportunities Fund

Several large investors have recently made changes to their positions in NMCO. Royal Bank of Canada boosted its position in shares of Nuveen Municipal Credit Opportunities Fund by 5.3% during the 1st quarter. Royal Bank of Canada now owns 342,759 shares of the company’s stock valued at $3,667,000 after purchasing an additional 17,204 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Nuveen Municipal Credit Opportunities Fund by 16.6% during the 1st quarter. NewEdge Advisors LLC now owns 84,439 shares of the company’s stock valued at $904,000 after purchasing an additional 12,049 shares in the last quarter. Cetera Investment Advisers bought a new position in shares of Nuveen Municipal Credit Opportunities Fund during the 2nd quarter valued at about $149,000. Invesco Ltd. boosted its holdings in shares of Nuveen Municipal Credit Opportunities Fund by 132.0% in the second quarter. Invesco Ltd. now owns 95,030 shares of the company’s stock worth $1,020,000 after buying an additional 54,076 shares during the period. Finally, Raymond James Financial Inc. boosted its holdings in shares of Nuveen Municipal Credit Opportunities Fund by 22.4% in the second quarter. Raymond James Financial Inc. now owns 299,187 shares of the company’s stock worth $3,210,000 after buying an additional 54,749 shares during the period.

About Nuveen Municipal Credit Opportunities Fund

Nuveen Municipal Credit Opportunities Fund (NYSE: NMCO) is a closed-end management investment company that seeks to provide high current income exempt from federal income tax and, to the extent reasonably possible, exempt from or subject to limited United States state and local income taxes. The fund pursues its objective by primarily investing in a broad range of municipal securities, including investment-grade and below-investment-grade debt obligations issued by states, municipalities, public authorities and other political subdivisions across the United States.

NMCO’s portfolio construction emphasizes credit selection and active management strategies to target undervalued opportunities in both public and private municipal markets.