Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.92 and traded as low as $7.72. Nuveen Preferred & Income Opportunities Fund shares last traded at $7.7250, with a volume of 1,187,747 shares traded.

Nuveen Preferred & Income Opportunities Fund Stock Performance

The firm has a 50-day simple moving average of $7.79 and a 200 day simple moving average of $7.91.

Nuveen Preferred & Income Opportunities Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be given a dividend of $0.0625 per share. The ex-dividend date is Friday, August 14th. This represents a c) dividend on an annualized basis and a dividend yield of 9.7%.

Institutional Trading of Nuveen Preferred & Income Opportunities Fund

Several institutional investors and hedge funds have recently bought and sold shares of JPC. PNC Financial Services Group Inc. grew its position in Nuveen Preferred & Income Opportunities Fund by 173.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,154 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 2,000 shares during the last quarter. US Bancorp DE raised its holdings in shares of Nuveen Preferred & Income Opportunities Fund by 202.3% in the third quarter. US Bancorp DE now owns 5,977 shares of the financial services provider’s stock valued at $49,000 after buying an additional 4,000 shares during the last quarter. Sunbelt Securities Inc. boosted its stake in shares of Nuveen Preferred & Income Opportunities Fund by 820.6% during the fourth quarter. Sunbelt Securities Inc. now owns 8,000 shares of the financial services provider’s stock worth $65,000 after buying an additional 7,131 shares during the period. NewEdge Wealth LLC acquired a new stake in shares of Nuveen Preferred & Income Opportunities Fund during the second quarter worth about $79,000. Finally, Proathlete Wealth Management LLC purchased a new position in shares of Nuveen Preferred & Income Opportunities Fund during the fourth quarter worth about $80,000.

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.