Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Stock Price Crosses Below 50-Day Moving Average – Here’s What Happened

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) shares crossed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $6.91 and traded as low as $6.80. Nuveen Preferred & Income Opportunities Fund shares last traded at $6.8550, with a volume of 1,845,448 shares trading hands.

Nuveen Preferred & Income Opportunities Fund Trading Down 1.6%

The stock’s fifty day moving average is $6.91 and its two-hundred day moving average is $7.63.

Nuveen Preferred & Income Opportunities Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be given a $0.0625 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 10.9%. The ex-dividend date of this dividend is Friday, November 13th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of JPC. NewEdge Wealth LLC acquired a new position in shares of Nuveen Preferred & Income Opportunities Fund in the 2nd quarter valued at approximately $79,000. Global Retirement Partners LLC acquired a new position in Nuveen Preferred & Income Opportunities Fund during the 2nd quarter worth $333,000. Investmark Advisory Group LLC acquired a new position in Nuveen Preferred & Income Opportunities Fund during the 2nd quarter worth $381,000. Wealth Effects LLC bought a new stake in shares of Nuveen Preferred & Income Opportunities Fund in the 2nd quarter worth about $442,000. Finally, Western Wealth Management LLC bought a new stake in shares of Nuveen Preferred & Income Opportunities Fund in the 1st quarter worth about $181,000.

Nuveen Preferred & Income Opportunities Fund Company Profile

Nuveen Preferred & Income Opportunities Fund (NYSE: JPC) is a diversified, closed-end investment fund managed by Nuveen, the asset-management business of TIAA. Unlike an operating company, the fund does not sell products or services directly; it invests shareholders’ capital in a portfolio of securities designed to generate income and pursue long-term total returns. The fund focuses primarily on preferred securities and other income-producing investments. Its portfolio may include preferred stocks, corporate debt securities, convertible securities and other fixed-income investments.