Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Shares Pass Below 200-Day Moving Average – Time to Sell?

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.04 and traded as low as $7.65. Nuveen Preferred & Income Opportunities Fund shares last traded at $7.7950, with a volume of 1,286,728 shares trading hands.

Nuveen Preferred & Income Opportunities Fund Trading Up 0.6%

The stock has a fifty day moving average price of $7.85 and a two-hundred day moving average price of $8.04.

Nuveen Preferred & Income Opportunities Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be issued a dividend of $0.0625 per share. This represents a c) dividend on an annualized basis and a dividend yield of 9.6%. The ex-dividend date of this dividend is Friday, May 15th.

Institutional Investors Weigh In On Nuveen Preferred & Income Opportunities Fund

A number of hedge funds have recently made changes to their positions in JPC. Royal Bank of Canada raised its holdings in shares of Nuveen Preferred & Income Opportunities Fund by 154.9% during the first quarter. Royal Bank of Canada now owns 2,881,952 shares of the financial services provider’s stock valued at $21,730,000 after buying an additional 1,751,478 shares during the last quarter. Smith Asset Management Co. LLC increased its stake in shares of Nuveen Preferred & Income Opportunities Fund by 167.4% during the third quarter. Smith Asset Management Co. LLC now owns 944,134 shares of the financial services provider’s stock valued at $7,742,000 after acquiring an additional 591,082 shares during the period. Truist Financial Corp increased its stake in shares of Nuveen Preferred & Income Opportunities Fund by 106.1% during the third quarter. Truist Financial Corp now owns 1,028,129 shares of the financial services provider’s stock valued at $8,431,000 after acquiring an additional 529,273 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Nuveen Preferred & Income Opportunities Fund by 87.2% during the third quarter. Envestnet Asset Management Inc. now owns 577,429 shares of the financial services provider’s stock valued at $4,735,000 after acquiring an additional 268,939 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of Nuveen Preferred & Income Opportunities Fund by 5.6% during the first quarter. Bank of America Corp DE now owns 4,777,122 shares of the financial services provider’s stock valued at $36,019,000 after acquiring an additional 254,855 shares during the period.

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.