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

Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $7.86 and traded as low as $7.85. Nuveen Preferred & Income Opportunities Fund shares last traded at $7.86, with a volume of 1,603,411 shares traded.

Nuveen Preferred & Income Opportunities Fund Price Performance

The stock’s 50-day simple moving average is $8.03 and its 200 day simple moving average is $7.86.

Nuveen Preferred & Income Opportunities Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.0665 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 9.98%. The ex-dividend date was Friday, December 13th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Second Line Capital LLC raised its holdings in Nuveen Preferred & Income Opportunities Fund by 34.6% in the second quarter. Second Line Capital LLC now owns 16,892 shares of the financial services provider’s stock worth $127,000 after purchasing an additional 4,341 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Nuveen Preferred & Income Opportunities Fund by 10.2% during the second quarter. Bank of New York Mellon Corp now owns 30,076 shares of the financial services provider’s stock worth $225,000 after buying an additional 2,787 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Nuveen Preferred & Income Opportunities Fund by 112.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 14,145 shares of the financial services provider’s stock valued at $109,000 after buying an additional 7,500 shares during the last quarter. Certified Advisory Corp bought a new position in shares of Nuveen Preferred & Income Opportunities Fund in the second quarter valued at $75,000. Finally, Summit Trail Advisors LLC bought a new stake in Nuveen Preferred & Income Opportunities Fund in the 2nd quarter valued at $296,000.

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.