Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) Trading Up 0.1%

Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) shot up 0.1% during mid-day trading on Friday . The stock traded as high as $10.55 and last traded at $10.46. 119,700 shares were traded during trading, a decline of 0% from the average session volume of 119,978 shares. The stock had previously closed at $10.45.

Nuveen Municipal Credit Opportunities Fund Stock Performance

The company has a fifty day simple moving average of $10.42 and a 200-day simple moving average of $10.21.

Nuveen Municipal Credit Opportunities Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.60 annualized dividend and a yield of 5.74%.

Institutional Investors Weigh In On Nuveen Municipal Credit Opportunities Fund

Several large investors have recently made changes to their positions in NMCO. Robinson Capital Management LLC boosted its stake in shares of Nuveen Municipal Credit Opportunities Fund by 162.1% during the 1st quarter. Robinson Capital Management LLC now owns 464,481 shares of the company’s stock worth $4,766,000 after acquiring an additional 287,285 shares during the period. Gridiron Partners LLC acquired a new position in shares of Nuveen Municipal Credit Opportunities Fund during the 4th quarter worth $1,544,000. Wakefield Asset Management LLLP bought a new stake in Nuveen Municipal Credit Opportunities Fund during the 4th quarter worth $721,000. Melone Private Wealth LLC grew its position in Nuveen Municipal Credit Opportunities Fund by 15.9% during the 4th quarter. Melone Private Wealth LLC now owns 500,962 shares of the company’s stock worth $4,995,000 after acquiring an additional 68,722 shares during the last quarter. Finally, LexAurum Advisors LLC grew its position in Nuveen Municipal Credit Opportunities Fund by 164.4% during the 4th quarter. LexAurum Advisors LLC now owns 100,355 shares of the company’s stock worth $1,001,000 after acquiring an additional 62,405 shares during the last quarter.

Nuveen Municipal Credit Opportunities Fund Company Profile

Nuveen Municipal Credit Opportunities Fund (NMCO) seeks to provide a high level of current income exempt from regular U.S. federal income tax and secondarily, total return. The Fund invests primarily in high yielding, low- to medium-quality municipal securities that, at the time of investment, are rated Baa/BBB or lower or, if unrated, are judged by the portfolio managers to be of comparable quality.