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

Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) announced a monthly dividend on Wednesday, July 1st. Shareholders of record on Wednesday, July 15th will be paid a dividend of 0.0685 per share on Monday, August 3rd. This represents a c) annualized dividend and a yield of 7.5%. The ex-dividend date is Wednesday, July 15th.

Nuveen Municipal Credit Opportunities Fund Stock Up 0.4%

Shares of NYSE:NMCO opened at $10.93 on Thursday. The company has a 50 day moving average price of $10.74 and a two-hundred day moving average price of $10.64. Nuveen Municipal Credit Opportunities Fund has a 52 week low of $9.95 and a 52 week high of $11.00.

Institutional Trading of Nuveen Municipal Credit Opportunities Fund

Hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its stake in Nuveen Municipal Credit Opportunities Fund by 5.3% in the first quarter. Royal Bank of Canada now owns 342,759 shares of the company’s stock valued at $3,667,000 after acquiring an additional 17,204 shares during the period. NewEdge Advisors LLC raised its position in shares of Nuveen Municipal Credit Opportunities Fund by 16.6% during the first quarter. NewEdge Advisors LLC now owns 84,439 shares of the company’s stock worth $904,000 after purchasing an additional 12,049 shares during the period. Cetera Investment Advisers acquired a new stake in shares of Nuveen Municipal Credit Opportunities Fund during the second quarter worth about $149,000. Invesco Ltd. lifted its holdings in shares of Nuveen Municipal Credit Opportunities Fund by 132.0% during the 2nd quarter. Invesco Ltd. now owns 95,030 shares of the company’s stock valued at $1,020,000 after purchasing an additional 54,076 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in shares of Nuveen Municipal Credit Opportunities Fund by 22.4% during the 2nd quarter. Raymond James Financial Inc. now owns 299,187 shares of the company’s stock valued at $3,210,000 after purchasing an additional 54,749 shares in the last quarter.

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.