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

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $7.89 and traded as low as $7.89. Nuveen Preferred & Income Opportunities Fund shares last traded at $7.95, with a volume of 1,272,415 shares trading hands.

Nuveen Preferred & Income Opportunities Fund Stock Down 0.6 %

The firm has a fifty day moving average price of $8.02 and a two-hundred day moving average price of $7.89.

Nuveen Preferred & Income Opportunities Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be issued a $0.0665 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 10.04%. The ex-dividend date of this dividend is Wednesday, January 15th.

Hedge Funds Weigh In On Nuveen Preferred & Income Opportunities Fund

A number of institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp boosted its position in Nuveen Preferred & Income Opportunities Fund by 10.2% during the second quarter. Bank of New York Mellon Corp now owns 30,076 shares of the financial services provider’s stock valued at $225,000 after purchasing an additional 2,787 shares in the last quarter. J.W. Cole Advisors Inc. acquired a new stake in Nuveen Preferred & Income Opportunities Fund in the second quarter worth about $146,000. GDS Wealth Management purchased a new stake in shares of Nuveen Preferred & Income Opportunities Fund during the second quarter worth about $87,000. Concorde Asset Management LLC acquired a new position in shares of Nuveen Preferred & Income Opportunities Fund during the second quarter valued at about $141,000. Finally, Summit Trail Advisors LLC purchased a new position in shares of Nuveen Preferred & Income Opportunities Fund in the 2nd quarter valued at approximately $296,000.

About Nuveen Preferred & Income Opportunities Fund

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.