Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.50 and traded as low as $10.00. Nuveen Municipal High Income Opportunity Fund shares last traded at $10.0650, with a volume of 609,971 shares.

Nuveen Municipal High Income Opportunity Fund Trading Down 0.3%

The company’s 50-day moving average is $10.47 and its two-hundred day moving average is $10.50.

Nuveen Municipal High Income Opportunity Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be paid a $0.0655 dividend. This represents a c) dividend on an annualized basis and a yield of 7.8%. The ex-dividend date is Friday, March 13th.

Institutional Investors Weigh In On Nuveen Municipal High Income Opportunity Fund

Large investors have recently modified their holdings of the stock. Platform Technology Partners lifted its stake in Nuveen Municipal High Income Opportunity Fund by 19.1% in the third quarter. Platform Technology Partners now owns 69,503 shares of the company’s stock valued at $736,000 after purchasing an additional 11,140 shares during the last quarter. High Net Worth Advisory Group LLC grew its holdings in Nuveen Municipal High Income Opportunity Fund by 1.9% during the third quarter. High Net Worth Advisory Group LLC now owns 229,739 shares of the company’s stock valued at $2,433,000 after purchasing an additional 4,207 shares during the period. MGO One Seven LLC increased its position in Nuveen Municipal High Income Opportunity Fund by 2.8% in the third quarter. MGO One Seven LLC now owns 39,674 shares of the company’s stock worth $420,000 after buying an additional 1,091 shares during the last quarter. EQ Wealth Advisors LLC increased its position in Nuveen Municipal High Income Opportunity Fund by 329.9% in the third quarter. EQ Wealth Advisors LLC now owns 51,237 shares of the company’s stock worth $543,000 after buying an additional 39,319 shares during the last quarter. Finally, Plan Group Financial LLC raised its stake in shares of Nuveen Municipal High Income Opportunity Fund by 22.9% in the third quarter. Plan Group Financial LLC now owns 25,114 shares of the company’s stock valued at $266,000 after buying an additional 4,687 shares during the period.

Nuveen Municipal High Income Opportunity Fund Company Profile

Nuveen Municipal High Income Opportunity Fund (NYSE: NMZ) is a closed-end management investment company that seeks to provide high current income exempt from federal income tax. The fund accomplishes this objective primarily through investments in a diversified portfolio of municipal obligations issued by state and local governments and their agencies across the United States. These securities may include general obligation bonds, revenue bonds, auction-rate securities and other types of tax-exempt debt.

To enhance yield, the fund employs leverage by borrowing against its assets, a strategy common among closed-end municipal funds.