Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Share Price Passes Above 50 Day Moving Average – What’s Next?

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $7.85 and traded as high as $7.90. Nuveen Preferred & Income Opportunities Fund shares last traded at $7.8850, with a volume of 853,496 shares trading hands.

Nuveen Preferred & Income Opportunities Fund Stock Performance

The firm has a 50 day moving average of $7.85 and a 200 day moving average of $7.97.

Nuveen Preferred & Income Opportunities Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 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 9.5%. The ex-dividend date is Wednesday, July 15th.

Institutional Trading of Nuveen Preferred & Income Opportunities Fund

Several hedge funds have recently modified their holdings of JPC. Bank of America Corp DE boosted its stake in 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 worth $36,019,000 after acquiring an additional 254,855 shares in the last quarter. UBS Group AG increased its stake in Nuveen Preferred & Income Opportunities Fund by 3.1% in the fourth quarter. UBS Group AG now owns 4,314,973 shares of the financial services provider’s stock valued at $34,994,000 after purchasing an additional 130,250 shares in the last quarter. Raymond James Financial Inc. raised its holdings in shares of Nuveen Preferred & Income Opportunities Fund by 0.7% during the third quarter. Raymond James Financial Inc. now owns 3,479,392 shares of the financial services provider’s stock valued at $28,531,000 after purchasing an additional 23,075 shares during the period. Invesco Ltd. raised its holdings in shares of Nuveen Preferred & Income Opportunities Fund by 4.3% during the fourth quarter. Invesco Ltd. now owns 3,151,446 shares of the financial services provider’s stock valued at $25,558,000 after purchasing an additional 130,564 shares during the period. Finally, Royal Bank of Canada boosted its position in shares of Nuveen Preferred & Income Opportunities Fund by 154.9% during the 1st quarter. Royal Bank of Canada now owns 2,881,952 shares of the financial services provider’s stock worth $21,730,000 after purchasing an additional 1,751,478 shares in 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.