Nuveen Municipal Credit Opportunities Fund (NMCO) To Go Ex-Dividend on October 1st

Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) announced a monthly dividend on Wednesday, August 26th. Investors of record on Thursday, October 1st will be given a dividend of $0.0685 per share on Monday, November 2nd. This represents a $0.82 annualized dividend and a dividend yield of 9.3%. The ex-dividend date is Thursday, October 1st.

Nuveen Municipal Credit Opportunities Fund Stock Performance

NYSE:NMCO opened at $8.82 on Tuesday. The firm has a 50-day simple moving average of $10.12 and a 200-day simple moving average of $10.51. Nuveen Municipal Credit Opportunities Fund has a one year low of $8.78 and a one year high of $11.00.

Institutional Trading of Nuveen Municipal Credit Opportunities Fund

A number of institutional investors have recently modified their holdings of the company. Bank of America Corp DE boosted its position in Nuveen Municipal Credit Opportunities Fund by 12.1% in the first quarter. Bank of America Corp DE now owns 1,565,852 shares of the company’s stock valued at $16,567,000 after buying an additional 168,635 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of Nuveen Municipal Credit Opportunities Fund by 72.0% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 320,389 shares of the company’s stock worth $3,489,000 after acquiring an additional 134,105 shares during the period. Melone Private Wealth LLC boosted its position in Nuveen Municipal Credit Opportunities Fund by 8.3% during the second quarter. Melone Private Wealth LLC now owns 697,450 shares of the company’s stock worth $7,595,000 after purchasing an additional 53,453 shares in the last quarter. LM Advisors LLC acquired a new position in Nuveen Municipal Credit Opportunities Fund during the second quarter worth $452,000. Finally, Worth Asset Management LLC purchased a new position in Nuveen Municipal Credit Opportunities Fund in the 2nd quarter valued at about $254,000.

About Nuveen Municipal Credit Opportunities Fund

Nuveen Municipal Credit Opportunities Fund (NYSE: NMCO) is a closed-end management investment company sponsored by Nuveen, a global investment manager and subsidiary of TIAA. The fund seeks to provide high current income that is exempt from regular U.S. federal income tax, with a secondary objective of enhancing total return.

NMCO invests primarily in municipal securities issued by states, municipalities, governmental authorities and other public entities across the United States. Its portfolio may include investment-grade and below-investment-grade municipal bonds, as well as other municipal credit instruments.