Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.95 and traded as low as $7.68. Nuveen Preferred & Income Opportunities Fund shares last traded at $7.7050, with a volume of 738,797 shares traded.

Nuveen Preferred & Income Opportunities Fund Trading Down 0.6%

The firm’s 50-day moving average price is $7.82 and its 200-day moving average price is $7.94.

Nuveen Preferred & Income Opportunities Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th will be issued a $0.0625 dividend. The ex-dividend date is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 9.8%.

Institutional Trading of Nuveen Preferred & Income Opportunities Fund

Several hedge funds and other institutional investors have recently bought and sold shares of JPC. Jacobi Capital Management LLC lifted its position in Nuveen Preferred & Income Opportunities Fund by 6.8% during the fourth quarter. Jacobi Capital Management LLC now owns 20,475 shares of the financial services provider’s stock valued at $166,000 after acquiring an additional 1,300 shares during the last quarter. Quantinno Capital Management LP grew its holdings in Nuveen Preferred & Income Opportunities Fund by 7.5% in the first quarter. Quantinno Capital Management LP now owns 18,955 shares of the financial services provider’s stock worth $143,000 after purchasing an additional 1,315 shares during the last quarter. Creative Planning increased its position in shares of Nuveen Preferred & Income Opportunities Fund by 13.7% during the second quarter. Creative Planning now owns 12,482 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 1,507 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Nuveen Preferred & Income Opportunities Fund by 0.8% during the fourth quarter. Geneos Wealth Management Inc. now owns 196,865 shares of the financial services provider’s stock worth $1,597,000 after purchasing an additional 1,509 shares in the last quarter. Finally, Perigon Wealth Management LLC lifted its holdings in shares of Nuveen Preferred & Income Opportunities Fund by 15.0% during the 4th quarter. Perigon Wealth Management LLC now owns 15,312 shares of the financial services provider’s stock valued at $124,000 after purchasing an additional 2,000 shares during the last quarter.

About Nuveen Preferred & Income Opportunities Fund

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.