Nuveen Municipal High Income Opportunity Fund (NMZ) to Issue Monthly Dividend of $0.07 on March 2nd

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZGet Free Report) declared a monthly dividend on Monday, February 2nd. Stockholders of record on Friday, February 13th will be paid a dividend of 0.0655 per share on Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend is Friday, February 13th.

Nuveen Municipal High Income Opportunity Fund Price Performance

Nuveen Municipal High Income Opportunity Fund stock opened at $10.51 on Wednesday. The company’s fifty day moving average price is $10.39 and its 200 day moving average price is $10.38. Nuveen Municipal High Income Opportunity Fund has a 1 year low of $9.36 and a 1 year high of $11.34.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Guerra Advisors Inc purchased a new stake in Nuveen Municipal High Income Opportunity Fund during the 3rd quarter worth approximately $25,000. Comerica Bank raised its stake in Nuveen Municipal High Income Opportunity Fund by 102.2% in the 3rd quarter. Comerica Bank now owns 4,550 shares of the company’s stock valued at $48,000 after purchasing an additional 2,300 shares during the last quarter. Advisory Services Network LLC acquired a new position in Nuveen Municipal High Income Opportunity Fund in the 3rd quarter valued at $74,000. Fifth Third Bancorp purchased a new position in Nuveen Municipal High Income Opportunity Fund in the 3rd quarter valued at $85,000. Finally, Axxcess Wealth Management LLC acquired a new stake in Nuveen Municipal High Income Opportunity Fund during the 2nd quarter worth $104,000.

About Nuveen Municipal High Income Opportunity Fund

(Get Free Report)

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.

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Dividend History for Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ)

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