Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) Declares Monthly Dividend of $0.07

Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) declared a monthly dividend on Monday, August 3rd. Stockholders of record on Friday, August 14th will be paid a dividend of 0.0685 per share on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date is Friday, August 14th.

Nuveen Municipal Credit Opportunities Fund Price Performance

Shares of NYSE:NMCO opened at $10.46 on Tuesday. The company’s fifty day moving average price is $10.73 and its 200-day moving average price is $10.70. Nuveen Municipal Credit Opportunities Fund has a one year low of $10.08 and a one year high of $11.00.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. PFG Investments LLC boosted its holdings in Nuveen Municipal Credit Opportunities Fund by 3.0% during the 4th quarter. PFG Investments LLC now owns 61,643 shares of the company’s stock valued at $631,000 after acquiring an additional 1,780 shares during the period. NewEdge Advisors LLC boosted its stake in shares of Nuveen Municipal Credit Opportunities Fund by 2.5% during the fourth quarter. NewEdge Advisors LLC now owns 87,339 shares of the company’s stock valued at $893,000 after purchasing an additional 2,144 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of Nuveen Municipal Credit Opportunities Fund by 10.3% in the first quarter. Janney Montgomery Scott LLC now owns 23,123 shares of the company’s stock worth $245,000 after purchasing an additional 2,152 shares during the last quarter. Wakefield Asset Management LLLP increased its stake in shares of Nuveen Municipal Credit Opportunities Fund by 2.5% in the fourth quarter. Wakefield Asset Management LLLP now owns 89,786 shares of the company’s stock worth $919,000 after buying an additional 2,183 shares during the period. Finally, Hollencrest Capital Management boosted its position in Nuveen Municipal Credit Opportunities Fund by 28.5% during the 1st quarter. Hollencrest Capital Management now owns 10,704 shares of the company’s stock valued at $113,000 after buying an additional 2,374 shares during the period.

Nuveen Municipal Credit Opportunities Fund Company Profile

Nuveen Municipal Credit Opportunities Fund (NYSE: NMCO) is a closed-end management investment company that seeks to provide high current income exempt from federal income tax and, to the extent reasonably possible, exempt from or subject to limited United States state and local income taxes. The fund pursues its objective by primarily investing in a broad range of municipal securities, including investment-grade and below-investment-grade debt obligations issued by states, municipalities, public authorities and other political subdivisions across the United States.

NMCO’s portfolio construction emphasizes credit selection and active management strategies to target undervalued opportunities in both public and private municipal markets.