Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) shares passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $10.02 and traded as low as $8.99. Nuveen Municipal High Income Opportunity Fund shares last traded at $9.0350, with a volume of 1,272,298 shares trading hands.

Nuveen Municipal High Income Opportunity Fund Stock Performance

The stock has a 50-day simple moving average of $9.49 and a two-hundred day simple moving average of $10.01.

Nuveen Municipal High Income Opportunity Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be given a dividend of $0.0655 per share. The ex-dividend date is Thursday, October 15th. This represents a $0.79 annualized dividend and a dividend yield of 8.8%.

Hedge Funds Weigh In On Nuveen Municipal High Income Opportunity Fund

A number of large investors have recently modified their holdings of the company. MGO One Seven LLC increased its holdings in shares of Nuveen Municipal High Income Opportunity Fund by 4.2% in the second quarter. MGO One Seven LLC now owns 28,620 shares of the company’s stock worth $303,000 after buying an additional 1,156 shares during the period. Breakwater Capital Group lifted its stake in shares of Nuveen Municipal High Income Opportunity Fund by 1.1% in the 3rd quarter. Breakwater Capital Group now owns 111,971 shares of the company’s stock valued at $1,003,000 after acquiring an additional 1,196 shares during the last quarter. Concurrent Investment Advisors LLC lifted its stake in shares of Nuveen Municipal High Income Opportunity Fund by 10.9% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 13,268 shares of the company’s stock valued at $140,000 after acquiring an additional 1,304 shares during the last quarter. PFG Investments LLC boosted its holdings in Nuveen Municipal High Income Opportunity Fund by 1.0% during the 1st quarter. PFG Investments LLC now owns 127,716 shares of the company’s stock valued at $1,326,000 after acquiring an additional 1,315 shares during the period. Finally, EQ Wealth Advisors LLC boosted its holdings in Nuveen Municipal High Income Opportunity Fund by 3.5% during the 1st quarter. EQ Wealth Advisors LLC now owns 65,886 shares of the company’s stock valued at $684,000 after acquiring an additional 2,240 shares during the period.

About Nuveen Municipal High Income Opportunity Fund

Nuveen Municipal High Income Opportunity Fund is a closed-end investment company listed on the New York Stock Exchange under the symbol NMZ. The fund seeks to provide current income that is exempt from regular federal income tax by investing primarily in municipal securities issued by states, municipalities and other public entities.

The fund focuses on higher-yielding municipal bonds and may invest in securities with varying credit qualities, including below-investment-grade obligations.