Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) Announces $0.07 Monthly Dividend

Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) declared a monthly dividend on Wednesday, July 1st. Shareholders of record on Wednesday, July 15th will be given a dividend of 0.0685 per share on Monday, August 3rd. This represents a c) annualized dividend and a yield of 7.5%. The ex-dividend date of this dividend is Wednesday, July 15th.

Nuveen Municipal Credit Opportunities Fund Price Performance

Nuveen Municipal Credit Opportunities Fund stock opened at $10.93 on Thursday. The company’s 50-day moving average price is $10.74 and its two-hundred day moving average price is $10.64. Nuveen Municipal Credit Opportunities Fund has a twelve month low of $9.95 and a twelve month high of $11.00.

Hedge Funds Weigh In On Nuveen Municipal Credit Opportunities Fund

Large investors have recently made changes to their positions in the company. Guggenheim Capital LLC boosted its stake in Nuveen Municipal Credit Opportunities Fund by 22.3% in the 4th quarter. Guggenheim Capital LLC now owns 1,342,961 shares of the company’s stock valued at $13,738,000 after purchasing an additional 244,942 shares during the period. Bank of America Corp DE increased its position in Nuveen Municipal Credit Opportunities Fund by 12.1% during the 1st quarter. Bank of America Corp DE now owns 1,565,852 shares of the company’s stock worth $16,567,000 after buying an additional 168,635 shares during the period. Rivernorth Capital Management LLC acquired a new stake in shares of Nuveen Municipal Credit Opportunities Fund during the fourth quarter worth $1,426,000. Jane Street Group LLC lifted its holdings in shares of Nuveen Municipal Credit Opportunities Fund by 231.6% during the fourth quarter. Jane Street Group LLC now owns 177,091 shares of the company’s stock worth $1,812,000 after buying an additional 123,678 shares in the last quarter. Finally, Alpine Global Management LLC acquired a new position in shares of Nuveen Municipal Credit Opportunities Fund in the third quarter valued at about $1,180,000.

Nuveen Municipal Credit Opportunities Fund Company Profile

Nuveen Municipal Credit Opportunities Fund (NYSE: NMCO) is a closed-end management investment company that seeks to provide high current income exempt from federal income tax and, to the extent reasonably possible, exempt from or subject to limited United States state and local income taxes. The fund pursues its objective by primarily investing in a broad range of municipal securities, including investment-grade and below-investment-grade debt obligations issued by states, municipalities, public authorities and other political subdivisions across the United States.

NMCO’s portfolio construction emphasizes credit selection and active management strategies to target undervalued opportunities in both public and private municipal markets.