Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) Shares Up 0.3% After Dividend Announcement

Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) rose 0.3% on Thursday following a dividend announcement from the company. The company traded as high as $10.30 and last traded at $10.28. Approximately 166,110 shares were traded during trading, a decline of 5% from the average daily volume of 174,031 shares. The stock had previously closed at $10.25.

The newly announced dividend which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.05 per share. This represents a $0.60 annualized dividend and a yield of 5.77%. The ex-dividend date is Tuesday, May 14th.

Nuveen Municipal Credit Opportunities Fund Price Performance

The stock’s 50-day moving average price is $10.41 and its two-hundred day moving average price is $10.03.

Institutional Investors Weigh In On Nuveen Municipal Credit Opportunities Fund

Institutional investors have recently modified their holdings of the stock. Melone Private Wealth LLC boosted its holdings in Nuveen Municipal Credit Opportunities Fund by 15.9% in the fourth quarter. Melone Private Wealth LLC now owns 500,962 shares of the company’s stock worth $4,995,000 after purchasing an additional 68,722 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of Nuveen Municipal Credit Opportunities Fund by 10.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 192,880 shares of the company’s stock valued at $1,869,000 after purchasing an additional 17,703 shares during the last quarter. Robinson Capital Management LLC bought a new position in shares of Nuveen Municipal Credit Opportunities Fund in the 4th quarter worth approximately $1,763,000. Gridiron Partners LLC bought a new position in Nuveen Municipal Credit Opportunities Fund in the fourth quarter worth approximately $1,544,000. Finally, Capital Investment Advisors LLC grew its position in shares of Nuveen Municipal Credit Opportunities Fund by 17.5% during the 4th quarter. Capital Investment Advisors LLC now owns 144,100 shares of the company’s stock valued at $1,437,000 after acquiring an additional 21,450 shares during the period.

About Nuveen Municipal Credit Opportunities Fund

Nuveen Municipal Credit Opportunities Fund (NMCO) seeks to provide a high level of current income exempt from regular U.S. federal income tax and secondarily, total return. The Fund invests primarily in high yielding, low- to medium-quality municipal securities that, at the time of investment, are rated Baa/BBB or lower or, if unrated, are judged by the portfolio managers to be of comparable quality.