Nuveen Municipal Credit Opportunities Fund (NMCO) To Go Ex-Dividend on July 15th

Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) announced a monthly dividend on Thursday, July 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, July 15th will be paid a dividend of 0.0685 per share on Friday, August 1st. This represents a $0.82 dividend on an annualized basis and a dividend yield of 7.82%. The ex-dividend date of this dividend is Tuesday, July 15th.

Nuveen Municipal Credit Opportunities Fund Stock Down 0.7%

Shares of NMCO opened at $10.51 on Friday. The firm’s 50-day moving average price is $10.49 and its 200-day moving average price is $10.63. Nuveen Municipal Credit Opportunities Fund has a 1-year low of $9.69 and a 1-year high of $12.20.

Institutional Investors Weigh In On Nuveen Municipal Credit Opportunities Fund

An institutional investor recently raised its position in Nuveen Municipal Credit Opportunities Fund stock. NewEdge Advisors LLC increased its holdings in shares of Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) by 16.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,439 shares of the company’s stock after acquiring an additional 12,049 shares during the period. NewEdge Advisors LLC’s holdings in Nuveen Municipal Credit Opportunities Fund were worth $904,000 at the end of the most recent reporting period.

Nuveen Municipal Credit Opportunities Fund Company Profile

Nuveen Municipal Credit Opportunities Fund (NMCO) seeks to provide a high level of current income exempt from regular U.S. federal income tax and secondarily, total return. The Fund invests primarily in high yielding, low- to medium-quality municipal securities that, at the time of investment, are rated Baa/BBB or lower or, if unrated, are judged by the portfolio managers to be of comparable quality.