Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Stock Passes Below Two Hundred 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 Friday . The stock has a two hundred day moving average of $7.96 and traded as low as $7.76. Nuveen Preferred & Income Opportunities Fund shares last traded at $7.7850, with a volume of 555,664 shares.

Nuveen Preferred & Income Opportunities Fund Stock Down 0.6%

The company has a fifty day simple moving average of $7.84 and a 200 day simple moving average of $7.96.

Nuveen Preferred & Income Opportunities Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 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 Wednesday, July 15th.

Hedge Funds Weigh In On Nuveen Preferred & Income Opportunities Fund

A number of institutional investors and hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. grew its position in Nuveen Preferred & Income Opportunities Fund by 173.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,154 shares of the financial services provider’s stock valued at $26,000 after buying an additional 2,000 shares during the period. US Bancorp DE boosted its stake in Nuveen Preferred & Income Opportunities Fund by 202.3% in the 3rd quarter. US Bancorp DE now owns 5,977 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 4,000 shares during the period. Sunbelt Securities Inc. grew its holdings 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 valued at $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 valued at approximately $80,000. Finally, Collaborative Wealth Managment Inc. bought a new stake in shares of Nuveen Preferred & Income Opportunities Fund during the fourth quarter valued at approximately $83,000.

About Nuveen Preferred & Income Opportunities Fund

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.