Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Shares Cross Below 200 Day Moving Average – Time to Sell?

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.12 and traded as low as $7.32. Nuveen Preferred & Income Opportunities Fund shares last traded at $7.4250, with a volume of 3,017,481 shares trading hands.

Nuveen Preferred & Income Opportunities Fund Trading Down 2.9%

The business has a fifty day simple moving average of $8.10 and a 200 day simple moving average of $8.12.

Nuveen Preferred & Income Opportunities Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be paid a dividend of $0.0625 per share. The ex-dividend date is Friday, March 13th. This represents a c) annualized dividend and a yield of 10.1%.

Hedge Funds Weigh In On Nuveen Preferred & Income Opportunities Fund

A number of hedge funds have recently added to or reduced their stakes in JPC. PNC Financial Services Group Inc. raised its holdings in shares of Nuveen Preferred & Income Opportunities Fund by 173.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,154 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 2,000 shares during the period. Financial Consulate Inc. bought a new stake in shares of Nuveen Preferred & Income Opportunities Fund during the 3rd quarter valued at about $31,000. AdvisorNet Financial Inc grew its position in shares of Nuveen Preferred & Income Opportunities Fund by 72.3% during the 3rd quarter. AdvisorNet Financial Inc now owns 4,105 shares of the financial services provider’s stock valued at $34,000 after buying an additional 1,723 shares during the last quarter. CoreFirst Bank & Trust acquired a new stake in Nuveen Preferred & Income Opportunities Fund during the second quarter worth about $34,000. Finally, US Bancorp DE raised its stake in Nuveen Preferred & Income Opportunities Fund by 202.3% during the third quarter. US Bancorp DE now owns 5,977 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 4,000 shares during the period.

About Nuveen Preferred & Income Opportunities Fund

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.