Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Share Price Passes Below 200 Day Moving Average – Here’s Why

Shares of Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $8.03 and traded as low as $7.91. Nuveen Preferred & Income Opportunities Fund shares last traded at $7.9350, with a volume of 609,736 shares traded.

Nuveen Preferred & Income Opportunities Fund Stock Performance

The business’s 50-day simple moving average is $7.84 and its 200 day simple moving average is $8.03.

Nuveen Preferred & Income Opportunities Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be given a dividend of $0.0625 per share. This represents a c) dividend on an annualized basis and a dividend yield of 9.5%. The ex-dividend date is Friday, May 15th.

Institutional Trading of Nuveen Preferred & Income Opportunities Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in JPC. PNC Financial Services Group Inc. raised its position in shares of 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 raised its position in shares of 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. raised its position in shares of 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 bought a new stake in shares of Nuveen Preferred & Income Opportunities Fund during the 4th quarter worth about $80,000. Finally, Collaborative Wealth Managment Inc. bought a new stake in shares of Nuveen Preferred & Income Opportunities Fund during the 4th quarter worth about $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.