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

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC)’s stock price crossed 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 $7.78. Nuveen Preferred & Income Opportunities Fund shares last traded at $7.7950, with a volume of 806,557 shares traded.

Nuveen Preferred & Income Opportunities Fund Stock Up 0.1%

The firm’s 50-day moving average is $7.88 and its 200 day moving average is $8.00.

Nuveen Preferred & Income Opportunities Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be given a dividend of $0.0625 per share. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 9.6%.

Institutional Trading of Nuveen Preferred & Income Opportunities Fund

Several large investors have recently modified their holdings of the business. Royal Bank of Canada raised 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 during the last quarter. Envestnet Asset Management Inc. increased its position in 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 worth $4,735,000 after buying an additional 268,939 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Nuveen Preferred & Income Opportunities Fund by 5.6% in 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 during the last quarter. Kestra Advisory Services LLC lifted its position in shares of Nuveen Preferred & Income Opportunities Fund by 56.8% in the fourth quarter. Kestra Advisory Services LLC now owns 657,118 shares of the financial services provider’s stock valued at $5,329,000 after acquiring an additional 237,977 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of Nuveen Preferred & Income Opportunities Fund by 176.5% during the fourth quarter. Jane Street Group LLC now owns 318,905 shares of the financial services provider’s stock valued at $2,586,000 after acquiring an additional 203,579 shares during 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.