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

Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) declared a monthly dividend on Monday, June 1st. Shareholders of record on Monday, June 15th will be paid a dividend of 0.0685 per share on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date is Monday, June 15th.

Nuveen Municipal Credit Opportunities Fund Stock Performance

Shares of NYSE:NMCO opened at $10.79 on Tuesday. Nuveen Municipal Credit Opportunities Fund has a 1-year low of $9.95 and a 1-year high of $10.99. The business has a fifty day moving average price of $10.68 and a 200-day moving average price of $10.63.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hollencrest Capital Management increased its holdings in shares of Nuveen Municipal Credit Opportunities Fund by 122.8% in the fourth quarter. Hollencrest Capital Management now owns 8,330 shares of the company’s stock worth $85,000 after purchasing an additional 4,591 shares during the last quarter. Wolverine Asset Management LLC bought a new position in Nuveen Municipal Credit Opportunities Fund during the fourth quarter valued at approximately $101,000. Pasadena Private Wealth LLC purchased a new position in Nuveen Municipal Credit Opportunities Fund during the 4th quarter valued at approximately $102,000. Wealth Care LLC purchased a new position in Nuveen Municipal Credit Opportunities Fund during the 1st quarter valued at approximately $106,000. Finally, Virtu Financial LLC bought a new stake in Nuveen Municipal Credit Opportunities Fund in the 4th quarter worth approximately $108,000.

About Nuveen Municipal Credit Opportunities Fund

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.