Nuveen Municipal High Income Oppty Fund (NYSE:NMZ) Stock Price Passes Below 200 Day Moving Average of $13.82

Nuveen Municipal High Income Oppty Fund (NYSE:NMZ)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $13.82 and traded as low as $13.65. Nuveen Municipal High Income Oppty Fund shares last traded at $13.73, with a volume of 224,643 shares trading hands.

The firm’s 50 day moving average price is $14.32 and its 200 day moving average price is $13.82.

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be paid a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a dividend yield of 5.25%. The ex-dividend date is Thursday, September 12th.

Large investors have recently modified their holdings of the company. Rehmann Capital Advisory Group bought a new position in shares of Nuveen Municipal High Income Oppty Fund during the first quarter valued at about $26,000. Coastal Investment Advisors Inc. purchased a new position in shares of Nuveen Municipal High Income Oppty Fund during the second quarter valued at about $38,000. Steward Partners Investment Advisory LLC purchased a new position in shares of Nuveen Municipal High Income Oppty Fund during the second quarter valued at about $120,000. Susquehanna International Group LLP purchased a new position in shares of Nuveen Municipal High Income Oppty Fund during the second quarter valued at about $174,000. Finally, Private Advisor Group LLC increased its position in shares of Nuveen Municipal High Income Oppty Fund by 7.9% during the second quarter. Private Advisor Group LLC now owns 20,534 shares of the company’s stock valued at $287,000 after buying an additional 1,500 shares during the period.

Nuveen Municipal High Income Oppty Fund Company Profile (NYSE:NMZ)

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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