Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Shares Pass Below 200 Day Moving Average – What’s Next?

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 $7.96 and traded as low as $7.76. Nuveen Preferred & Income Opportunities Fund shares last traded at $7.7850, with a volume of 555,664 shares.

Nuveen Preferred & Income Opportunities Fund Stock Down 0.6%

The business has a fifty day moving average price of $7.84 and a 200-day moving average price of $7.96.

Nuveen Preferred & Income Opportunities Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th will be paid a $0.0625 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) annualized dividend and a yield of 9.6%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its holdings in shares of Nuveen Preferred & Income Opportunities Fund by 173.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,154 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 2,000 shares during the last quarter. US Bancorp DE grew its stake 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 buying an additional 4,000 shares during the last quarter. Sunbelt Securities Inc. increased its holdings in shares of Nuveen Preferred & Income Opportunities Fund by 820.6% in the fourth quarter. Sunbelt Securities Inc. now owns 8,000 shares of the financial services provider’s stock worth $65,000 after buying an additional 7,131 shares during the period. Proathlete Wealth Management LLC purchased a new position in shares of Nuveen Preferred & Income Opportunities Fund in the fourth quarter worth about $80,000. Finally, Collaborative Wealth Managment Inc. purchased a new stake in Nuveen Preferred & Income Opportunities Fund during the 4th quarter valued at $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.