Nuveen Municipal Credit Opportunities Fund (NMCO) to Distribute Monthly Dividend of $0.07 on December 1st

Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) declared a monthly dividend on Monday, November 2nd. Investors of record on Friday, November 13th will be given a dividend of $0.0685 per share on Tuesday, December 1st. This represents a $0.82 dividend on an annualized basis and a yield of 9.2%. The ex-dividend date of this dividend is Friday, November 13th.

Nuveen Municipal Credit Opportunities Fund Stock Performance

NMCO stock opened at $8.92 on Wednesday. Nuveen Municipal Credit Opportunities Fund has a 1-year low of $8.33 and a 1-year high of $11.00. The business has a 50 day simple moving average of $9.12 and a two-hundred day simple moving average of $10.28.

Insider Buying and Selling at Nuveen Municipal Credit Opportunities Fund

In related news, insider Young L. Robert bought 28,575 shares of the company’s stock in a transaction that occurred on Friday, October 23rd. The stock was purchased at an average price of $8.71 per share, for a total transaction of $248,888.25. Following the completion of the transaction, the insider owned 28,575 shares in the company, valued at $248,888.25. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Portfolio Manager Michael S. Hamilton bought 3,000 shares of the company’s stock in a transaction that occurred on Friday, October 9th. The shares were bought at an average price of $8.70 per share, with a total value of $26,100.00. Following the transaction, the portfolio manager owned 3,000 shares of the company’s stock, valued at $26,100. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NMCO. Bank of America Corp DE increased its holdings in shares of Nuveen Municipal Credit Opportunities Fund by 12.1% in the first quarter. Bank of America Corp DE now owns 1,565,852 shares of the company’s stock worth $16,567,000 after purchasing an additional 168,635 shares during the last quarter. Melone Private Wealth LLC raised its stake in Nuveen Municipal Credit Opportunities Fund by 1.2% during the third quarter. Melone Private Wealth LLC now owns 705,741 shares of the company’s stock valued at $6,274,000 after purchasing an additional 8,291 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in Nuveen Municipal Credit Opportunities Fund by 72.0% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 320,389 shares of the company’s stock valued at $3,489,000 after purchasing an additional 134,105 shares in the last quarter. HighTower Advisors LLC lifted its position in Nuveen Municipal Credit Opportunities Fund by 7.6% during the second quarter. HighTower Advisors LLC now owns 292,789 shares of the company’s stock valued at $3,048,000 after purchasing an additional 20,619 shares during the last quarter. Finally, NewEdge Advisors LLC grew its stake in shares of Nuveen Municipal Credit Opportunities Fund by 1.6% in the 2nd quarter. NewEdge Advisors LLC now owns 106,212 shares of the company’s stock worth $1,157,000 after buying an additional 1,678 shares in the last quarter.

Nuveen Municipal Credit Opportunities Fund Company Profile

Nuveen Municipal Credit Opportunities Fund (NYSE: NMCO) is a closed-end management investment company advised by Nuveen Asset Management, LLC. The fund seeks to provide current income that is generally exempt from regular federal income tax, with capital appreciation as a secondary objective. NMCO invests primarily in municipal securities issued by states, cities, counties, special districts and other governmental or public entities in the United States. Its portfolio may emphasize lower-rated, unrated or otherwise credit-sensitive municipal bonds, allowing the fund to pursue opportunities across the municipal credit market while accepting greater credit and investment risk than funds focused solely on highly rated securities.