Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.28 and traded as low as $9.62. Nuveen Municipal High Income Opportunity Fund shares last traded at $9.6250, with a volume of 1,484,438 shares trading hands.

Nuveen Municipal High Income Opportunity Fund Stock Up 0.6%

The company has a 50 day moving average of $10.17 and a two-hundred day moving average of $10.27.

Nuveen Municipal High Income Opportunity Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be given a $0.0655 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%.

Institutional Investors Weigh In On Nuveen Municipal High Income Opportunity Fund

Institutional investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. acquired a new position in Nuveen Municipal High Income Opportunity Fund during the first quarter worth $36,000. Allied Private Wealth LLC acquired a new stake in shares of Nuveen Municipal High Income Opportunity Fund in the second quarter valued at about $40,000. Comerica Bank increased its stake in shares of Nuveen Municipal High Income Opportunity Fund by 102.2% during the third quarter. Comerica Bank now owns 4,550 shares of the company’s stock worth $48,000 after purchasing an additional 2,300 shares in the last quarter. Allworth Financial LP purchased a new stake in shares of Nuveen Municipal High Income Opportunity Fund during the fourth quarter worth about $61,000. Finally, Global Retirement Partners LLC increased its stake in shares of Nuveen Municipal High Income Opportunity Fund by 1,960.5% during the fourth quarter. Global Retirement Partners LLC now owns 6,779 shares of the company’s stock worth $69,000 after purchasing an additional 6,450 shares in the last quarter.

About Nuveen Municipal High Income Opportunity Fund

Nuveen Municipal High Income Opportunity Fund (NYSE: NMZ) is a closed-end management investment company that seeks to provide high current income exempt from federal income tax. The fund accomplishes this objective primarily through investments in a diversified portfolio of municipal obligations issued by state and local governments and their agencies across the United States. These securities may include general obligation bonds, revenue bonds, auction-rate securities and other types of tax-exempt debt.

To enhance yield, the fund employs leverage by borrowing against its assets, a strategy common among closed-end municipal funds.