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

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $7.86 and traded as low as $7.85. Nuveen Preferred & Income Opportunities Fund shares last traded at $7.86, with a volume of 1,603,411 shares traded.

Nuveen Preferred & Income Opportunities Fund Trading Up 1.8 %

The company has a 50 day simple moving average of $8.03 and a 200-day simple moving average of $7.86.

Nuveen Preferred & Income Opportunities Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a $0.0665 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.80 dividend on an annualized basis and a yield of 9.98%.

Institutional Investors Weigh In On Nuveen Preferred & Income Opportunities Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Ashton Thomas Securities LLC acquired a new position in Nuveen Preferred & Income Opportunities Fund in the 3rd quarter worth approximately $41,000. Certified Advisory Corp purchased a new position in Nuveen Preferred & Income Opportunities Fund during the 2nd quarter valued at about $75,000. Philip James Wealth Mangement LLC acquired a new stake in shares of Nuveen Preferred & Income Opportunities Fund during the third quarter worth approximately $81,000. GDS Wealth Management purchased a new stake in Nuveen Preferred & Income Opportunities Fund in the 2nd quarter worth approximately $87,000. Finally, CWM LLC increased its stake in shares of Nuveen Preferred & Income Opportunities Fund by 17.8% in the third quarter. CWM LLC now owns 10,850 shares of the financial services provider’s stock worth $88,000 after acquiring an additional 1,643 shares during the last quarter.

Nuveen Preferred & Income Opportunities Fund Company Profile

Nuveen Preferred & Income Opportunities Fund is a closed ended balanced mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC, Nuveen Asset Management, LLC, and NWQ Investment Management Company, LLC. It invests in the public equity and fixed income markets of the United States.