Nuveen Municipal High Income Opportunity Fund (NMZ) To Go Ex-Dividend on January 15th

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) announced a monthly dividend on Friday, January 2nd. Investors of record on Thursday, January 15th will be paid a dividend of 0.0655 per share on Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 7.5%. The ex-dividend date is Thursday, January 15th.

Nuveen Municipal High Income Opportunity Fund Stock Performance

NYSE:NMZ traded up $0.03 during mid-day trading on Tuesday, hitting $10.46. 135,591 shares of the company’s stock traded hands, compared to its average volume of 365,904. The firm’s 50 day simple moving average is $10.47 and its 200 day simple moving average is $10.37. Nuveen Municipal High Income Opportunity Fund has a 1 year low of $9.36 and a 1 year high of $11.34.

Institutional Investors Weigh In On Nuveen Municipal High Income Opportunity Fund

A number of institutional investors and hedge funds have recently bought and sold shares of NMZ. Royal Bank of Canada increased its position in Nuveen Municipal High Income Opportunity Fund by 10.6% during the first quarter. Royal Bank of Canada now owns 268,259 shares of the company’s stock worth $2,927,000 after buying an additional 25,765 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Nuveen Municipal High Income Opportunity Fund by 2.7% during the first quarter. NewEdge Advisors LLC now owns 79,257 shares of the company’s stock valued at $865,000 after acquiring an additional 2,112 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Nuveen Municipal High Income Opportunity Fund during the first quarter valued at $135,000. Melone Private Wealth LLC increased its position in Nuveen Municipal High Income Opportunity Fund by 4.1% during the 2nd quarter. Melone Private Wealth LLC now owns 567,862 shares of the company’s stock worth $5,860,000 after purchasing an additional 22,425 shares in the last quarter. Finally, Secure Asset Management LLC acquired a new position in Nuveen Municipal High Income Opportunity Fund in the 2nd quarter valued at about $126,000.

About Nuveen Municipal High Income Opportunity Fund

Nuveen Municipal High Income Opportunity Fund (NYSE: NMZ) is a closed-end management investment company that seeks to provide high current income exempt from federal income tax. The fund accomplishes this objective primarily through investments in a diversified portfolio of municipal obligations issued by state and local governments and their agencies across the United States. These securities may include general obligation bonds, revenue bonds, auction-rate securities and other types of tax-exempt debt.

To enhance yield, the fund employs leverage by borrowing against its assets, a strategy common among closed-end municipal funds.