Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Shares Cross Above 50-Day Moving Average – Time to Sell?

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $8.11 and traded as high as $8.15. Nuveen Preferred & Income Opportunities Fund shares last traded at $8.0850, with a volume of 1,229,865 shares trading hands.

Nuveen Preferred & Income Opportunities Fund Stock Down 0.3%

The business’s 50 day moving average is $8.11 and its 200-day moving average is $8.10.

Nuveen Preferred & Income Opportunities Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were given a dividend of $0.0625 per share. This represents a c) annualized dividend and a dividend yield of 9.3%. The ex-dividend date of this dividend was Monday, December 15th.

Institutional Trading of Nuveen Preferred & Income Opportunities Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Investors Asset Management of Georgia Inc. GA ADV increased its holdings in shares of Nuveen Preferred & Income Opportunities Fund by 3.2% in the 2nd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 47,750 shares of the financial services provider’s stock valued at $383,000 after acquiring an additional 1,500 shares during the last quarter. Creative Planning increased its stake in Nuveen Preferred & Income Opportunities Fund by 13.7% in the second quarter. Creative Planning now owns 12,482 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 1,507 shares during the last quarter. Investmark Advisory Group LLC raised its holdings in Nuveen Preferred & Income Opportunities Fund by 3.6% during the third quarter. Investmark Advisory Group LLC now owns 45,253 shares of the financial services provider’s stock worth $371,000 after purchasing an additional 1,565 shares in the last quarter. D.A. Davidson & CO. lifted its position in shares of Nuveen Preferred & Income Opportunities Fund by 8.7% during the 2nd quarter. D.A. Davidson & CO. now owns 20,458 shares of the financial services provider’s stock worth $164,000 after buying an additional 1,634 shares during the last quarter. Finally, Shaker Financial Services LLC lifted its position in shares of Nuveen Preferred & Income Opportunities Fund by 3.2% during the 2nd quarter. Shaker Financial Services LLC now owns 54,700 shares of the financial services provider’s stock worth $442,000 after buying an additional 1,700 shares during the last quarter.

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.