Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.35 and traded as low as $10.34. Nuveen Municipal High Income Opportunity Fund shares last traded at $10.3650, with a volume of 687,947 shares changing hands.

Nuveen Municipal High Income Opportunity Fund Trading Down 0.8%

The firm’s fifty day moving average is $10.25 and its two-hundred day moving average is $10.35.

Nuveen Municipal High Income Opportunity Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be paid a $0.0655 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date is Monday, June 15th.

Institutional Trading of Nuveen Municipal High Income Opportunity Fund

A number of institutional investors and hedge funds have recently modified their holdings of NMZ. Hennion & Walsh Asset Management Inc. boosted its position in Nuveen Municipal High Income Opportunity Fund by 57.5% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,140,557 shares of the company’s stock worth $11,622,000 after purchasing an additional 416,337 shares during the last quarter. Jane Street Group LLC increased its position in shares of Nuveen Municipal High Income Opportunity Fund by 1,411.1% during the 4th quarter. Jane Street Group LLC now owns 259,389 shares of the company’s stock valued at $2,643,000 after purchasing an additional 242,223 shares during the last quarter. UBS Group AG increased its position in shares of Nuveen Municipal High Income Opportunity Fund by 10.4% during the 3rd quarter. UBS Group AG now owns 1,958,300 shares of the company’s stock valued at $20,738,000 after purchasing an additional 183,725 shares during the last quarter. Guggenheim Capital LLC raised its stake in shares of Nuveen Municipal High Income Opportunity Fund by 10.5% during the 4th quarter. Guggenheim Capital LLC now owns 1,816,855 shares of the company’s stock worth $18,514,000 after purchasing an additional 172,150 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Nuveen Municipal High Income Opportunity Fund by 246.4% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 239,326 shares of the company’s stock worth $2,534,000 after purchasing an additional 170,236 shares during the period.

About Nuveen Municipal High Income Opportunity Fund

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.