Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ – Get Free Report) announced a monthly dividend on Monday, November 2nd. Investors of record on Friday, November 13th will be given a dividend of $0.0655 per share on Tuesday, December 1st. This represents a $0.79 dividend on an annualized basis and a yield of 9.0%. The ex-dividend date of this dividend is Friday, November 13th.
Nuveen Municipal High Income Opportunity Fund Stock Performance
Shares of NYSE:NMZ opened at $8.73 on Tuesday. Nuveen Municipal High Income Opportunity Fund has a twelve month low of $8.62 and a twelve month high of $10.77. The business has a fifty day moving average of $9.26 and a 200-day moving average of $10.07.
Institutional Investors Weigh In On Nuveen Municipal High Income Opportunity Fund
A number of institutional investors and hedge funds have recently made changes to their positions in NMZ. MGO One Seven LLC lifted its stake in shares of Nuveen Municipal High Income Opportunity Fund by 4.2% in the 2nd quarter. MGO One Seven LLC now owns 28,620 shares of the company’s stock valued at $303,000 after purchasing an additional 1,156 shares during the period. Breakwater Capital Group boosted its position in shares of Nuveen Municipal High Income Opportunity Fund by 1.1% in the 3rd quarter. Breakwater Capital Group now owns 111,971 shares of the company’s stock worth $1,003,000 after purchasing an additional 1,196 shares during the last quarter. Concurrent Investment Advisors LLC boosted its position in shares of Nuveen Municipal High Income Opportunity Fund by 10.9% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 13,268 shares of the company’s stock worth $140,000 after purchasing an additional 1,304 shares during the last quarter. PFG Investments LLC grew its stake in shares of Nuveen Municipal High Income Opportunity Fund by 1.0% during the first quarter. PFG Investments LLC now owns 127,716 shares of the company’s stock worth $1,326,000 after purchasing an additional 1,315 shares during the period. Finally, EQ Wealth Advisors LLC grew its stake in shares of Nuveen Municipal High Income Opportunity Fund by 3.5% during the first quarter. EQ Wealth Advisors LLC now owns 65,886 shares of the company’s stock worth $684,000 after purchasing an additional 2,240 shares during the period.
About Nuveen Municipal High Income Opportunity Fund
Nuveen Municipal High Income Opportunity Fund (NYSE: NMZ) is a closed-end investment fund managed by Nuveen, an investment management firm and subsidiary of TIAA. The fund seeks to provide high current income that is exempt from regular U.S. federal income tax by investing primarily in municipal securities issued by states, municipalities and other governmental entities.
The fund focuses on municipal bonds and related investments, including securities that may carry below-investment-grade ratings or be considered unrated.
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