Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Declares $0.07 Monthly Dividend

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) declared a monthly dividend on Monday, August 3rd. Shareholders of record on Friday, August 14th will be paid a dividend of 0.0655 per share on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend is Friday, August 14th.

Nuveen Municipal High Income Opportunity Fund Trading Down 0.0%

Nuveen Municipal High Income Opportunity Fund stock opened at $10.15 on Tuesday. The stock has a 50 day moving average of $10.33 and a 200-day moving average of $10.36. Nuveen Municipal High Income Opportunity Fund has a 52 week low of $9.92 and a 52 week high of $10.77.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Blueline Advisors LLC bought a new stake in Nuveen Municipal High Income Opportunity Fund during the fourth quarter valued at $115,000. Global Retirement Partners LLC lifted its position in shares of Nuveen Municipal High Income Opportunity Fund by 1,960.5% in the 4th quarter. Global Retirement Partners LLC now owns 6,779 shares of the company’s stock worth $69,000 after buying an additional 6,450 shares during the last quarter. Wakefield Asset Management LLLP lifted its position in shares of Nuveen Municipal High Income Opportunity Fund by 2.8% in the 4th quarter. Wakefield Asset Management LLLP now owns 91,376 shares of the company’s stock worth $931,000 after buying an additional 2,508 shares during the last quarter. Allworth Financial LP acquired a new position in shares of Nuveen Municipal High Income Opportunity Fund in the 4th quarter valued at about $61,000. Finally, GRIMES & Co WEALTH MANAGEMENT LLC bought a new stake in shares of Nuveen Municipal High Income Opportunity Fund during the 4th quarter valued at about $140,000.

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.