Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Stock Passes Below Two Hundred Day Moving Average – Should You Sell?

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.24 and traded as low as $11.06. Nuveen Municipal High Income Opportunity Fund shares last traded at $11.09, with a volume of 323,991 shares traded.

Nuveen Municipal High Income Opportunity Fund Price Performance

The business’s 50-day moving average price is $11.13 and its 200-day moving average price is $11.24.

Nuveen Municipal High Income Opportunity Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.0655 per share. The ex-dividend date is Friday, March 14th. This represents a $0.79 annualized dividend and a yield of 7.09%.

Institutional Trading of Nuveen Municipal High Income Opportunity Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Providence First Trust Co purchased a new stake in shares of Nuveen Municipal High Income Opportunity Fund during the 4th quarter worth about $32,000. Farther Finance Advisors LLC raised its holdings in Nuveen Municipal High Income Opportunity Fund by 107.4% in the 4th quarter. Farther Finance Advisors LLC now owns 3,347 shares of the company’s stock worth $36,000 after purchasing an additional 1,733 shares during the period. Fifth Third Bancorp purchased a new position in Nuveen Municipal High Income Opportunity Fund during the fourth quarter worth approximately $70,000. Intellus Advisors LLC acquired a new stake in Nuveen Municipal High Income Opportunity Fund in the fourth quarter valued at approximately $108,000. Finally, Diversify Wealth Management LLC purchased a new stake in shares of Nuveen Municipal High Income Opportunity Fund in the fourth quarter valued at approximately $109,000.

About Nuveen Municipal High Income Opportunity Fund

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.