Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Share Price Crosses Below 200 Day Moving Average – Should You 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 $8.01 and traded as low as $7.94. Nuveen Preferred & Income Opportunities Fund shares last traded at $7.97, with a volume of 747,135 shares trading hands.

Nuveen Preferred & Income Opportunities Fund Trading Up 0.1 %

The business has a fifty day moving average price of $7.98 and a 200 day moving average price of $8.01.

Nuveen Preferred & Income Opportunities Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.0665 per share. The ex-dividend date is Friday, March 14th. This represents a $0.80 annualized dividend and a yield of 10.02%.

Hedge Funds Weigh In On Nuveen Preferred & Income Opportunities Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Allworth Financial LP lifted its position in 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 valued at $37,000 after buying an additional 3,726 shares in the last quarter. CoreFirst Bank & Trust purchased a new stake in Nuveen Preferred & Income Opportunities Fund during the 4th quarter worth $61,000. Elequin Capital LP purchased a new position in Nuveen Preferred & Income Opportunities Fund in the fourth quarter valued at about $73,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Nuveen Preferred & Income Opportunities Fund during the fourth quarter worth about $79,000. Finally, Elm3 Financial Group LLC acquired a new stake in shares of Nuveen Preferred & Income Opportunities Fund in the fourth quarter valued at about $86,000.

Nuveen Preferred & Income Opportunities Fund Company Profile

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.