Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $8.01 and traded as low as $7.78. Nuveen Preferred & Income Opportunities Fund shares last traded at $7.7950, with a volume of 806,557 shares.

Nuveen Preferred & Income Opportunities Fund Stock Down 0.3%

The business has a fifty day moving average of $7.88 and a two-hundred day moving average of $8.01.

Nuveen Preferred & Income Opportunities Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be issued a $0.0625 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 9.6%.

Hedge Funds Weigh In On Nuveen Preferred & Income Opportunities Fund

Large investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. raised its holdings in 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 purchasing an additional 2,000 shares during the period. US Bancorp DE raised its holdings in Nuveen Preferred & Income Opportunities Fund by 202.3% in the 3rd quarter. US Bancorp DE now owns 5,977 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 4,000 shares during the period. Sunbelt Securities Inc. raised its holdings in Nuveen Preferred & Income Opportunities Fund by 820.6% in the 4th quarter. Sunbelt Securities Inc. now owns 8,000 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 7,131 shares during the period. Proathlete Wealth Management LLC acquired a new position in Nuveen Preferred & Income Opportunities Fund in the 4th quarter worth about $80,000. Finally, Collaborative Wealth Managment Inc. acquired a new position in Nuveen Preferred & Income Opportunities Fund in the 4th quarter worth about $83,000.

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.