Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Shares of Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $8.01 and traded as low as $7.87. Nuveen Preferred & Income Opportunities Fund shares last traded at $7.88, with a volume of 814,052 shares.

Nuveen Preferred & Income Opportunities Fund Stock Performance

The company’s 50 day moving average price is $7.98 and its 200 day moving average price is $8.01.

Nuveen Preferred & Income Opportunities Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a dividend of $0.0665 per share. This represents a $0.80 annualized dividend and a yield of 10.08%. The ex-dividend date of this dividend is Friday, March 14th.

Institutional Trading of Nuveen Preferred & Income Opportunities Fund

A number of institutional investors and hedge funds have recently made changes to their positions in JPC. Bramshill Investments LLC raised its stake in shares of Nuveen Preferred & Income Opportunities Fund by 1.7% in the 4th quarter. Bramshill Investments LLC now owns 82,441 shares of the financial services provider’s stock valued at $648,000 after acquiring an additional 1,350 shares in the last quarter. Triumph Capital Management increased its stake in shares of Nuveen Preferred & Income Opportunities Fund by 1.7% in the fourth quarter. Triumph Capital Management now owns 81,578 shares of the financial services provider’s stock worth $641,000 after purchasing an additional 1,367 shares during the period. US Bancorp DE boosted its stake in Nuveen Preferred & Income Opportunities Fund by 13.9% during the 4th quarter. US Bancorp DE now owns 13,330 shares of the financial services provider’s stock valued at $105,000 after purchasing an additional 1,631 shares during the period. Corient Private Wealth LLC grew its holdings in Nuveen Preferred & Income Opportunities Fund by 12.0% in the 4th quarter. Corient Private Wealth LLC now owns 17,587 shares of the financial services provider’s stock valued at $138,000 after buying an additional 1,883 shares during the last quarter. Finally, Spire Wealth Management increased its position in Nuveen Preferred & Income Opportunities Fund by 3.0% in the 4th quarter. Spire Wealth Management now owns 66,903 shares of the financial services provider’s stock worth $526,000 after buying an additional 1,956 shares during the period.

Nuveen Preferred & Income Opportunities Fund Company Profile

Nuveen Preferred & Income Opportunities Fund is a closed ended balanced mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC, Nuveen Asset Management, LLC, and NWQ Investment Management Company, LLC. It invests in the public equity and fixed income markets of the United States.