Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $7.86 and traded as low as $7.45. Nuveen Preferred & Income Opportunities Fund shares last traded at $7.4650, with a volume of 972,270 shares.

Nuveen Preferred & Income Opportunities Fund Stock Down 1.2%

The firm’s 50 day moving average is $7.73 and its 200-day moving average is $7.86.

Nuveen Preferred & Income Opportunities Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be paid a dividend of $0.0625 per share. This represents a c) annualized dividend and a dividend yield of 10.2%. The ex-dividend date is Friday, August 14th.

Institutional Investors Weigh In On Nuveen Preferred & Income Opportunities Fund

A number of large investors have recently added to or reduced their stakes in the stock. Creative Planning raised its position in shares of Nuveen Preferred & Income Opportunities Fund by 13.7% in the second quarter. Creative Planning now owns 12,482 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 1,507 shares during the period. Invesco Ltd. grew its stake in Nuveen Preferred & Income Opportunities Fund by 0.7% in the 2nd quarter. Invesco Ltd. now owns 2,951,656 shares of the financial services provider’s stock valued at $23,672,000 after buying an additional 21,705 shares during the last quarter. First Trust Advisors LP raised its holdings in Nuveen Preferred & Income Opportunities Fund by 2.7% in the 2nd quarter. First Trust Advisors LP now owns 281,887 shares of the financial services provider’s stock worth $2,261,000 after acquiring an additional 7,320 shares during the period. Raymond James Financial Inc. raised its holdings in Nuveen Preferred & Income Opportunities Fund by 3.5% in the 2nd quarter. Raymond James Financial Inc. now owns 3,456,317 shares of the financial services provider’s stock worth $27,720,000 after acquiring an additional 116,415 shares during the period. Finally, Jane Street Group LLC acquired a new position in Nuveen Preferred & Income Opportunities Fund during the 2nd quarter worth $379,000.

Nuveen Preferred & Income Opportunities Fund Company Profile

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.