Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.12 and traded as low as $7.32. Nuveen Preferred & Income Opportunities Fund shares last traded at $7.4250, with a volume of 3,017,481 shares traded.

Nuveen Preferred & Income Opportunities Fund Price Performance

The business has a 50 day moving average of $8.10 and a 200 day moving average of $8.12.

Nuveen Preferred & Income Opportunities Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be paid a $0.0625 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 10.1%.

Institutional Investors Weigh In On Nuveen Preferred & Income Opportunities Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its holdings in shares of Nuveen Preferred & Income Opportunities Fund by 173.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,154 shares of the financial services provider’s stock worth $26,000 after buying an additional 2,000 shares in the last quarter. Financial Consulate Inc. bought a new stake in Nuveen Preferred & Income Opportunities Fund in the third quarter valued at $31,000. AdvisorNet Financial Inc raised its stake in Nuveen Preferred & Income Opportunities Fund by 72.3% during the third quarter. AdvisorNet Financial Inc now owns 4,105 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 1,723 shares in the last quarter. CoreFirst Bank & Trust bought a new position in shares of Nuveen Preferred & Income Opportunities Fund during the second quarter valued at $34,000. Finally, US Bancorp DE lifted its holdings in shares of Nuveen Preferred & Income Opportunities Fund by 202.3% during the third quarter. US Bancorp DE now owns 5,977 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 4,000 shares during the period.

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.