Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Shares of Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.06 and traded as low as $7.96. Nuveen Preferred & Income Opportunities Fund shares last traded at $7.9850, with a volume of 1,109,649 shares trading hands.

Nuveen Preferred & Income Opportunities Fund Stock Performance

The company’s 50-day simple moving average is $7.93 and its 200 day simple moving average is $8.06.

Nuveen Preferred & Income Opportunities Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be paid a $0.0625 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 9.4%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased its stake in Nuveen Preferred & Income Opportunities Fund by 173.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,154 shares of the financial services provider’s stock worth $26,000 after buying an additional 2,000 shares during the period. Financial Consulate Inc. purchased a new position in Nuveen Preferred & Income Opportunities Fund in the 3rd quarter worth about $31,000. US Bancorp DE increased its stake in Nuveen Preferred & Income Opportunities Fund by 202.3% in the 3rd quarter. US Bancorp DE now owns 5,977 shares of the financial services provider’s stock worth $49,000 after buying an additional 4,000 shares during the period. Harbor Investment Advisory LLC purchased a new position in Nuveen Preferred & Income Opportunities Fund in the 3rd quarter worth about $51,000. Finally, Sunbelt Securities Inc. increased its stake in Nuveen Preferred & Income Opportunities Fund by 820.6% in the 4th quarter. Sunbelt Securities Inc. now owns 8,000 shares of the financial services provider’s stock worth $65,000 after buying an additional 7,131 shares during the period.

About Nuveen Preferred & Income Opportunities Fund

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) is a closed-end management investment company managed by Nuveen Asset Management, an affiliate of Teachers Insurance and Annuity Association of America (TIAA). The fund’s primary objective is to provide high current income and the potential for capital appreciation by investing in a diversified portfolio of preferred and other income-producing securities.

The fund focuses on preferred and convertible securities issued by U.S. and global corporations, with flexibility to invest in common stocks, corporate debt, exchange-traded debt obligations and other fixed-income instruments.