Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) Announces $0.07 Monthly Dividend

Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) declared a monthly dividend on Wednesday, July 1st. Stockholders of record on Wednesday, July 15th will be given a dividend of 0.0685 per share on Monday, August 3rd. This represents a c) annualized dividend and a dividend yield of 7.5%. The ex-dividend date of this dividend is Wednesday, July 15th.

Nuveen Municipal Credit Opportunities Fund Trading Up 0.4%

Nuveen Municipal Credit Opportunities Fund stock opened at $10.93 on Thursday. The company has a 50 day moving average of $10.74 and a 200-day moving average of $10.64. Nuveen Municipal Credit Opportunities Fund has a twelve month low of $9.95 and a twelve month high of $11.00.

Hedge Funds Weigh In On Nuveen Municipal Credit Opportunities Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its holdings in Nuveen Municipal Credit Opportunities Fund by 5.3% during the 1st quarter. Royal Bank of Canada now owns 342,759 shares of the company’s stock worth $3,667,000 after purchasing an additional 17,204 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of Nuveen Municipal Credit Opportunities Fund by 16.6% in the 1st quarter. NewEdge Advisors LLC now owns 84,439 shares of the company’s stock valued at $904,000 after purchasing an additional 12,049 shares during the period. Cetera Investment Advisers bought a new stake in shares of Nuveen Municipal Credit Opportunities Fund in the second quarter valued at about $149,000. Invesco Ltd. lifted its holdings in shares of Nuveen Municipal Credit Opportunities Fund by 132.0% in the second quarter. Invesco Ltd. now owns 95,030 shares of the company’s stock valued at $1,020,000 after purchasing an additional 54,076 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its position in shares of Nuveen Municipal Credit Opportunities Fund by 22.4% during the second quarter. Raymond James Financial Inc. now owns 299,187 shares of the company’s stock worth $3,210,000 after buying an additional 54,749 shares during the period.

About Nuveen Municipal Credit Opportunities Fund

Nuveen Municipal Credit Opportunities Fund (NYSE: NMCO) is a closed-end management investment company that seeks to provide high current income exempt from federal income tax and, to the extent reasonably possible, exempt from or subject to limited United States state and local income taxes. The fund pursues its objective by primarily investing in a broad range of municipal securities, including investment-grade and below-investment-grade debt obligations issued by states, municipalities, public authorities and other political subdivisions across the United States.

NMCO’s portfolio construction emphasizes credit selection and active management strategies to target undervalued opportunities in both public and private municipal markets.