Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) Trading at $8.76

Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO)’s stock price traded down 0% during trading on Wednesday. The company traded as low as $8.74 and last traded at $8.7560. 523,306 shares traded hands during mid-day trading, an increase of 94% from the average daily volume of 269,306 shares. The stock had previously closed at $8.76.

Nuveen Municipal Credit Opportunities Fund Price Performance

The company has a 50-day moving average of $9.50 and a 200 day moving average of $10.29.

Nuveen Municipal Credit Opportunities Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 1st will be given a $0.0685 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 9.4%. The ex-dividend date of this dividend is Thursday, October 1st.

Insider Activity at Nuveen Municipal Credit Opportunities Fund

In other Nuveen Municipal Credit Opportunities Fund news, Portfolio Manager Michael S. Hamilton acquired 3,000 shares of the company’s stock in a transaction that occurred on Friday, October 9th. The stock was bought at an average price of $8.70 per share, for a total transaction of $26,100.00. Following the acquisition, the portfolio manager directly owned 3,000 shares in the company, valued at $26,100. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional Investors Weigh In On Nuveen Municipal Credit Opportunities Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NMCO. Bank of America Corp DE grew its stake in Nuveen Municipal Credit Opportunities Fund by 12.1% in the 1st quarter. Bank of America Corp DE now owns 1,565,852 shares of the company’s stock worth $16,567,000 after acquiring an additional 168,635 shares in the last quarter. Melone Private Wealth LLC raised its position in Nuveen Municipal Credit Opportunities Fund by 1.2% during the 3rd quarter. Melone Private Wealth LLC now owns 705,741 shares of the company’s stock valued at $6,274,000 after purchasing an additional 8,291 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of Nuveen Municipal Credit Opportunities Fund by 72.0% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 320,389 shares of the company’s stock valued at $3,489,000 after buying an additional 134,105 shares during the period. HighTower Advisors LLC lifted its stake in Nuveen Municipal Credit Opportunities Fund by 7.6% in the second quarter. HighTower Advisors LLC now owns 292,789 shares of the company’s stock worth $3,048,000 after acquiring an additional 20,619 shares during the period. Finally, NewEdge Advisors LLC increased its position in Nuveen Municipal Credit Opportunities Fund by 1.6% during the 2nd quarter. NewEdge Advisors LLC now owns 106,212 shares of the company’s stock valued at $1,157,000 after purchasing an additional 1,678 shares during the period.

Nuveen Municipal Credit Opportunities Fund Company Profile

Nuveen Municipal Credit Opportunities Fund (NYSE: NMCO) is a closed-end investment fund managed by Nuveen Asset Management. The fund seeks to provide current income that is generally exempt from regular federal income tax, while also pursuing long-term capital appreciation as a secondary objective.

NMCO invests primarily in municipal securities issued by states, cities, counties, and other public-sector entities in the United States. Its portfolio focuses on municipal credit opportunities, including below-investment-grade and unrated securities, which may offer higher income potential but involve greater credit and market risk than higher-rated municipal bonds.

The fund provides investors with professionally managed exposure to the U.S.