Nuveen Municipal High Income Opportunity Fund to Issue Monthly Dividend of $0.07 (NYSE:NMZ)

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) declared a monthly dividend on Thursday, July 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, July 15th will be given a dividend of 0.0655 per share on Friday, August 1st. This represents a $0.79 dividend on an annualized basis and a dividend yield of 7.59%. The ex-dividend date is Tuesday, July 15th.

Nuveen Municipal High Income Opportunity Fund Stock Down 0.3%

NMZ opened at $10.36 on Friday. The stock’s 50 day moving average price is $10.38 and its 200-day moving average price is $10.69. Nuveen Municipal High Income Opportunity Fund has a one year low of $9.36 and a one year high of $11.90.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of NMZ. Jane Street Group LLC bought a new position in Nuveen Municipal High Income Opportunity Fund in the first quarter worth approximately $135,000. NewEdge Advisors LLC grew its stake in Nuveen Municipal High Income Opportunity Fund by 2.7% in the first quarter. NewEdge Advisors LLC now owns 79,257 shares of the company’s stock worth $865,000 after purchasing an additional 2,112 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in Nuveen Municipal High Income Opportunity Fund by 10.6% in the first quarter. Royal Bank of Canada now owns 268,259 shares of the company’s stock worth $2,927,000 after purchasing an additional 25,765 shares in the last quarter.

Nuveen Municipal High Income Opportunity Fund Company Profile

Nuveen Municipal High Income Opportunity Fund is a closed-end fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade tax-exempt municipal securities.