Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Share Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.36 and traded as low as $10.16. Nuveen Municipal High Income Opportunity Fund shares last traded at $10.1950, with a volume of 375,854 shares traded.

Nuveen Municipal High Income Opportunity Fund Trading Up 0.0%

The stock’s 50-day simple moving average is $10.50 and its 200-day simple moving average is $10.36.

Nuveen Municipal High Income Opportunity Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were paid a $0.0655 dividend. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date of this dividend was Monday, December 15th.

Insiders Place Their Bets

In other news, major shareholder Of America Corp /De/ Bank acquired 6,440 shares of the business’s stock in a transaction on Friday, October 10th. The shares were acquired at an average cost of $10.56 per share, with a total value of $68,006.40. Following the transaction, the insider owned 6,440 shares in the company, valued at $68,006.40. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Over the last quarter, insiders purchased 7,630 shares of company stock worth $80,344.

Institutional Investors Weigh In On Nuveen Municipal High Income Opportunity Fund

Institutional investors have recently modified their holdings of the business. AE Wealth Management LLC increased its position in shares of Nuveen Municipal High Income Opportunity Fund by 26.1% during the 2nd quarter. AE Wealth Management LLC now owns 130,672 shares of the company’s stock valued at $1,355,000 after purchasing an additional 27,035 shares during the last quarter. Wakefield Asset Management LLLP raised its position in Nuveen Municipal High Income Opportunity Fund by 2.4% in the second quarter. Wakefield Asset Management LLLP now owns 87,772 shares of the company’s stock worth $911,000 after acquiring an additional 2,086 shares during the period. Palogic Value Management L.P. increased its stake in shares of Nuveen Municipal High Income Opportunity Fund by 3.2% in the 2nd quarter. Palogic Value Management L.P. now owns 122,700 shares of the company’s stock worth $1,272,000 after purchasing an additional 3,750 shares in the last quarter. Duncker Streett & Co. Inc. purchased a new stake in shares of Nuveen Municipal High Income Opportunity Fund in the 2nd quarter worth $237,000. Finally, Axxcess Wealth Management LLC bought a new position in Nuveen Municipal High Income Opportunity Fund in the 2nd quarter worth $104,000.

Nuveen Municipal High Income Opportunity Fund Company Profile

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.