Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Stock Passes Below 200-Day Moving Average – What’s Next?

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.81 and traded as low as $7.18. Nuveen Preferred & Income Opportunities Fund shares last traded at $7.1950, with a volume of 2,430,721 shares trading hands.

Nuveen Preferred & Income Opportunities Fund Stock Down 0.2%

The firm’s 50 day simple moving average is $7.63 and its 200 day simple moving average is $7.80.

Nuveen Preferred & Income Opportunities Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be given a $0.0625 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.5%. The ex-dividend date is Tuesday, September 15th.

Hedge Funds Weigh In On Nuveen Preferred & Income Opportunities Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its stake in Nuveen Preferred & Income Opportunities Fund by 173.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,154 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 2,000 shares during the last quarter. US Bancorp DE boosted its position in shares of Nuveen Preferred & Income Opportunities Fund by 202.3% during the 3rd quarter. US Bancorp DE now owns 5,977 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 4,000 shares during the last quarter. Sunbelt Securities Inc. boosted its position in shares of Nuveen Preferred & Income Opportunities Fund by 820.6% during the 4th quarter. Sunbelt Securities Inc. now owns 8,000 shares of the financial services provider’s stock valued at $65,000 after acquiring an additional 7,131 shares during the last quarter. NewEdge Wealth LLC purchased a new position in shares of Nuveen Preferred & Income Opportunities Fund in the second quarter valued at $79,000. Finally, Collaborative Wealth Managment Inc. purchased a new position in shares of Nuveen Preferred & Income Opportunities Fund in the fourth quarter valued at $83,000.

Nuveen Preferred & Income Opportunities Fund Company Profile

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) is a closed-end management investment company managed by Nuveen Asset Management, an affiliate of Teachers Insurance and Annuity Association of America (TIAA). The fund’s primary objective is to provide high current income and the potential for capital appreciation by investing in a diversified portfolio of preferred and other income-producing securities.

The fund focuses on preferred and convertible securities issued by U.S. and global corporations, with flexibility to invest in common stocks, corporate debt, exchange-traded debt obligations and other fixed-income instruments.