Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Shares of Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $7.90 and traded as low as $7.57. Nuveen Preferred & Income Opportunities Fund shares last traded at $7.5750, with a volume of 1,461,805 shares trading hands.

Nuveen Preferred & Income Opportunities Fund Price Performance

The stock’s 50 day simple moving average is $7.76 and its two-hundred day simple moving average is $7.89.

Nuveen Preferred & Income Opportunities Fund Dividend Announcement

The company 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 10.0%. The ex-dividend date of this dividend is Friday, August 14th.

Hedge Funds Weigh In On Nuveen Preferred & Income Opportunities Fund

Several large investors have recently bought and sold shares of JPC. Bank of America Corp DE acquired a new position in shares of Nuveen Preferred & Income Opportunities Fund in the 2nd quarter valued at $39,705,000. UBS Group AG grew its stake in Nuveen Preferred & Income Opportunities Fund by 3.1% in the fourth quarter. UBS Group AG now owns 4,314,973 shares of the financial services provider’s stock valued at $34,994,000 after acquiring an additional 130,250 shares during the period. Raymond James Financial Inc. grew its stake in Nuveen Preferred & Income Opportunities Fund by 0.7% in the third quarter. Raymond James Financial Inc. now owns 3,479,392 shares of the financial services provider’s stock valued at $28,531,000 after acquiring an additional 23,075 shares during the period. Invesco Ltd. increased its holdings in shares of Nuveen Preferred & Income Opportunities Fund by 4.3% in the fourth quarter. Invesco Ltd. now owns 3,151,446 shares of the financial services provider’s stock worth $25,558,000 after acquiring an additional 130,564 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in Nuveen Preferred & Income Opportunities Fund by 154.9% during the 1st quarter. Royal Bank of Canada now owns 2,881,952 shares of the financial services provider’s stock worth $21,730,000 after purchasing an additional 1,751,478 shares in the last quarter.

About Nuveen Preferred & Income Opportunities Fund

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.