Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Shares Cross Below 200 Day Moving Average – Here’s Why

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $7.99 and traded as low as $7.96. Nuveen Preferred & Income Opportunities Fund shares last traded at $7.97, with a volume of 620,229 shares trading hands.

Nuveen Preferred & Income Opportunities Fund Price Performance

The stock’s 50 day moving average price is $7.97 and its two-hundred day moving average price is $7.99.

Nuveen Preferred & Income Opportunities Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be given a $0.0665 dividend. This represents a $0.80 annualized dividend and a dividend yield of 9.98%. The ex-dividend date is Friday, February 14th.

Hedge Funds Weigh In On Nuveen Preferred & Income Opportunities Fund

Large investors have recently made changes to their positions in the business. Allworth Financial LP lifted its holdings in shares of Nuveen Preferred & Income Opportunities Fund by 377.1% during the fourth quarter. Allworth Financial LP now owns 4,714 shares of the financial services provider’s stock worth $37,000 after buying an additional 3,726 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Nuveen Preferred & Income Opportunities Fund during the 3rd quarter worth approximately $41,000. CoreFirst Bank & Trust bought a new stake in shares of Nuveen Preferred & Income Opportunities Fund during the fourth quarter valued at approximately $61,000. Elequin Capital LP bought a new stake in Nuveen Preferred & Income Opportunities Fund in the 4th quarter valued at $73,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Nuveen Preferred & Income Opportunities Fund in the 4th quarter valued at $79,000.

About Nuveen Preferred & Income Opportunities Fund

Nuveen Preferred & Income Opportunities Fund is a closed ended balanced mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC, Nuveen Asset Management, LLC, and NWQ Investment Management Company, LLC. It invests in the public equity and fixed income markets of the United States.