Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Shares Cross Above 50-Day Moving Average – Here’s What Happened

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $8.11 and traded as high as $8.15. Nuveen Preferred & Income Opportunities Fund shares last traded at $8.0850, with a volume of 1,229,865 shares trading hands.

Nuveen Preferred & Income Opportunities Fund Price Performance

The business’s 50-day simple moving average is $8.11 and its 200-day simple moving average is $8.11.

Nuveen Preferred & Income Opportunities Fund Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were paid a $0.0625 dividend. The ex-dividend date was Monday, December 15th. This represents a c) dividend on an annualized basis and a yield of 9.3%.

Hedge Funds Weigh In On Nuveen Preferred & Income Opportunities Fund

A number of hedge funds have recently added to or reduced their stakes in the company. Financial Consulate Inc. acquired a new position in shares of Nuveen Preferred & Income Opportunities Fund during the 3rd quarter valued at about $31,000. Pinnacle Bancorp Inc. bought a new position in shares of Nuveen Preferred & Income Opportunities Fund in the second quarter valued at approximately $34,000. CoreFirst Bank & Trust acquired a new stake in shares of Nuveen Preferred & Income Opportunities Fund in the second quarter worth $34,000. AdvisorNet Financial Inc grew its stake in Nuveen Preferred & Income Opportunities Fund by 72.3% in the 3rd quarter. AdvisorNet Financial Inc now owns 4,105 shares of the financial services provider’s stock valued at $34,000 after buying an additional 1,723 shares during the last quarter. Finally, US Bancorp DE raised its holdings in Nuveen Preferred & Income Opportunities Fund by 202.3% in the 3rd quarter. US Bancorp DE now owns 5,977 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 4,000 shares during the period.

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.