Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) Trading at $8.76
by Tristan Rich · The Markets DailyShares of Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO – Get Free Report) traded down 0% on Wednesday. The stock traded as low as $8.74 and last traded at $8.7560. 523,306 shares traded hands during mid-day trading, an increase of 94% from the average session volume of 269,306 shares. The stock had previously closed at $8.76.
Nuveen Municipal Credit Opportunities Fund Stock Performance
The business’s 50-day moving average is $9.50 and its 200-day moving average is $10.29.
Nuveen Municipal Credit Opportunities Fund Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 1st will be issued a dividend of $0.0685 per share. The ex-dividend date is Thursday, October 1st. This represents a $0.82 annualized dividend and a dividend yield of 9.4%.
Insiders Place Their Bets
In other news, Portfolio Manager Michael S. Hamilton bought 3,000 shares of the company’s stock in a transaction dated Friday, October 9th. The shares were purchased at an average price of $8.70 per share, for a total transaction of $26,100.00. Following the completion of the purchase, the portfolio manager owned 3,000 shares in the company, valued at approximately $26,100. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Institutional Trading of Nuveen Municipal Credit Opportunities Fund
Institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its holdings in shares of Nuveen Municipal Credit Opportunities Fund by 12.1% in the first quarter. Bank of America Corp DE now owns 1,565,852 shares of the company’s stock worth $16,567,000 after buying an additional 168,635 shares in the last quarter. Melone Private Wealth LLC increased its holdings in shares of Nuveen Municipal Credit Opportunities Fund by 1.2% in the third quarter. Melone Private Wealth LLC now owns 705,741 shares of the company’s stock worth $6,274,000 after purchasing an additional 8,291 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of Nuveen Municipal Credit Opportunities Fund by 72.0% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 320,389 shares of the company’s stock worth $3,489,000 after buying an additional 134,105 shares in the last quarter. HighTower Advisors LLC boosted its stake in Nuveen Municipal Credit Opportunities Fund by 7.6% during the second quarter. HighTower Advisors LLC now owns 292,789 shares of the company’s stock valued at $3,048,000 after buying an additional 20,619 shares during the last quarter. Finally, NewEdge Advisors LLC grew its holdings in Nuveen Municipal Credit Opportunities Fund by 1.6% during the 2nd quarter. NewEdge Advisors LLC now owns 106,212 shares of the company’s stock valued at $1,157,000 after buying an additional 1,678 shares in the last quarter.
Nuveen Municipal Credit Opportunities Fund Company Profile
Nuveen Municipal Credit Opportunities Fund (NYSE: NMCO) is a closed-end investment fund managed by Nuveen Asset Management. The fund seeks to provide current income that is generally exempt from regular federal income tax, while also pursuing long-term capital appreciation as a secondary objective.
NMCO invests primarily in municipal securities issued by states, cities, counties, and other public-sector entities in the United States. Its portfolio focuses on municipal credit opportunities, including below-investment-grade and unrated securities, which may offer higher income potential but involve greater credit and market risk than higher-rated municipal bonds.
The fund provides investors with professionally managed exposure to the U.S.
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