Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Stock to Pay Monthly Dividend of $0.07

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) announced a monthly dividend on Monday, November 2nd. Shareholders of record on Friday, November 13th will be paid a dividend of $0.0655 per share on Tuesday, December 1st. This represents a $0.79 annualized dividend and a yield of 9.0%. The ex-dividend date of this dividend is Friday, November 13th.

Nuveen Municipal High Income Opportunity Fund Trading Down 1.1%

NMZ opened at $8.73 on Tuesday. The firm’s fifty day moving average is $9.26 and its two-hundred day moving average is $10.07. Nuveen Municipal High Income Opportunity Fund has a twelve month low of $8.62 and a twelve month high of $10.77.

Hedge Funds Weigh In On Nuveen Municipal High Income Opportunity Fund

Several institutional investors and hedge funds have recently made changes to their positions in NMZ. Rivernorth Capital Management LLC acquired a new stake in Nuveen Municipal High Income Opportunity Fund during the 2nd quarter worth $11,097,000. Bank of America Corp DE lifted its holdings in Nuveen Municipal High Income Opportunity Fund by 185.9% during the second quarter. Bank of America Corp DE now owns 1,112,841 shares of the company’s stock worth $11,763,000 after acquiring an additional 723,642 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in Nuveen Municipal High Income Opportunity Fund by 35.3% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 2,217,036 shares of the company’s stock worth $23,434,000 after acquiring an additional 577,934 shares in the last quarter. Van ECK Associates Corp lifted its holdings in Nuveen Municipal High Income Opportunity Fund by 56.7% during the second quarter. Van ECK Associates Corp now owns 1,056,439 shares of the company’s stock worth $11,167,000 after acquiring an additional 382,155 shares in the last quarter. Finally, HighTower Advisors LLC acquired a new position in Nuveen Municipal High Income Opportunity Fund in the second quarter valued at about $2,802,000.

Nuveen Municipal High Income Opportunity Fund Company Profile

Nuveen Municipal High Income Opportunity Fund (NYSE: NMZ) is a closed-end investment fund managed by Nuveen, an investment management firm and subsidiary of TIAA. The fund seeks to provide high current income that is exempt from regular U.S. federal income tax by investing primarily in municipal securities issued by states, municipalities and other governmental entities.

The fund focuses on municipal bonds and related investments, including securities that may carry below-investment-grade ratings or be considered unrated.