Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.17 and traded as low as $10.86. Nuveen Municipal High Income Opportunity Fund shares last traded at $10.88, with a volume of 368,697 shares.

Nuveen Municipal High Income Opportunity Fund Price Performance

The firm’s 50-day moving average price is $11.16 and its 200 day moving average price is $11.18.

Nuveen Municipal High Income Opportunity Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be issued a $0.0655 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.79 annualized dividend and a yield of 7.22%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Dynamic Advisor Solutions LLC grew its position in Nuveen Municipal High Income Opportunity Fund by 9.7% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 11,709 shares of the company’s stock worth $137,000 after purchasing an additional 1,038 shares during the last quarter. Capital Investment Advisors LLC grew its holdings in Nuveen Municipal High Income Opportunity Fund by 2.8% in the 3rd quarter. Capital Investment Advisors LLC now owns 40,506 shares of the company’s stock worth $472,000 after buying an additional 1,088 shares in the last quarter. Private Advisor Group LLC increased its stake in Nuveen Municipal High Income Opportunity Fund by 2.0% during the 2nd quarter. Private Advisor Group LLC now owns 114,849 shares of the company’s stock valued at $1,239,000 after buying an additional 2,240 shares during the period. Kercheville Advisors LLC lifted its stake in shares of Nuveen Municipal High Income Opportunity Fund by 16.9% in the 3rd quarter. Kercheville Advisors LLC now owns 17,442 shares of the company’s stock worth $203,000 after acquiring an additional 2,520 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Nuveen Municipal High Income Opportunity Fund by 56.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,701 shares of the company’s stock valued at $83,000 after acquiring an additional 2,766 shares in the last quarter.

About Nuveen Municipal High Income Opportunity Fund

Nuveen Municipal High Income Opportunity Fund is a closed-end fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade tax-exempt municipal securities.