Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Share Price Passes Below 200 Day Moving Average – Should You Sell?

by · The Cerbat Gem

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ – Get Free Report)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.94 and traded as low as $10.91. Nuveen Municipal High Income Opportunity Fund shares last traded at $11.03, with a volume of 469,878 shares trading hands.

Nuveen Municipal High Income Opportunity Fund Price Performance

The stock has a 50-day simple moving average of $11.49 and a 200-day simple moving average of $10.94.

Nuveen Municipal High Income Opportunity Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be paid a $0.065 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $0.78 annualized dividend and a dividend yield of 7.01%.

Hedge Funds Weigh In On Nuveen Municipal High Income Opportunity Fund

Hedge funds have recently made changes to their positions in the stock. Dynamic Advisor Solutions LLC increased its holdings in Nuveen Municipal High Income Opportunity Fund by 9.7% in the third 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 in the last quarter. Capital Investment Advisors LLC grew its holdings in Nuveen Municipal High Income Opportunity Fund by 2.8% during the third 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. Traynor Capital Management Inc. lifted its stake in Nuveen Municipal High Income Opportunity Fund by 1.3% during the 2nd quarter. Traynor Capital Management Inc. now owns 119,445 shares of the company’s stock valued at $1,289,000 after acquiring an additional 1,522 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of Nuveen Municipal High Income Opportunity Fund by 2.0% in the second quarter. Private Advisor Group LLC now owns 114,849 shares of the company’s stock valued at $1,239,000 after purchasing an additional 2,240 shares during the last quarter. Finally, Kercheville Advisors LLC boosted 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 buying an additional 2,520 shares during the last quarter.

Nuveen Municipal High Income Opportunity Fund Company Profile

(Get Free Report)

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.

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