Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) Plans $0.07 Monthly Dividend

Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) declared a monthly dividend on Monday, June 1st. Investors of record on Monday, June 15th will be paid a dividend of 0.0685 per share on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 7.6%. The ex-dividend date is Monday, June 15th.

Nuveen Municipal Credit Opportunities Fund Stock Down 0.5%

Shares of NYSE NMCO opened at $10.78 on Tuesday. The stock has a fifty day moving average price of $10.68 and a two-hundred day moving average price of $10.63. Nuveen Municipal Credit Opportunities Fund has a 1 year low of $9.95 and a 1 year high of $10.99.

Hedge Funds Weigh In On Nuveen Municipal Credit Opportunities Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hollencrest Capital Management boosted its stake in shares of Nuveen Municipal Credit Opportunities Fund by 122.8% during the 4th quarter. Hollencrest Capital Management now owns 8,330 shares of the company’s stock worth $85,000 after acquiring an additional 4,591 shares in the last quarter. Wolverine Asset Management LLC bought a new stake in shares of Nuveen Municipal Credit Opportunities Fund during the 4th quarter worth $101,000. Pasadena Private Wealth LLC bought a new stake in shares of Nuveen Municipal Credit Opportunities Fund during the 4th quarter worth $102,000. Wealth Care LLC bought a new stake in shares of Nuveen Municipal Credit Opportunities Fund during the 1st quarter worth $106,000. Finally, Virtu Financial LLC bought a new stake in shares of Nuveen Municipal Credit Opportunities Fund during the 4th quarter worth $108,000.

About Nuveen Municipal Credit Opportunities Fund

Nuveen Municipal Credit Opportunities Fund (NYSE: NMCO) is a closed-end management investment company that seeks to provide high current income exempt from federal income tax and, to the extent reasonably possible, exempt from or subject to limited United States state and local income taxes. The fund pursues its objective by primarily investing in a broad range of municipal securities, including investment-grade and below-investment-grade debt obligations issued by states, municipalities, public authorities and other political subdivisions across the United States.

NMCO’s portfolio construction emphasizes credit selection and active management strategies to target undervalued opportunities in both public and private municipal markets.