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

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.17 and traded as low as $10.86. Nuveen Municipal High Income Opportunity Fund shares last traded at $10.88, with a volume of 368,697 shares traded.

Nuveen Municipal High Income Opportunity Fund Stock Down 1.4 %

The business has a fifty day moving average price of $11.16 and a two-hundred day moving average price of $11.18.

Nuveen Municipal High Income Opportunity Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be issued a dividend of $0.0655 per share. This represents a $0.79 annualized dividend and a dividend yield of 7.22%. The ex-dividend date is Wednesday, January 15th.

Hedge Funds Weigh In On Nuveen Municipal High Income Opportunity Fund

A number of hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. increased its position in Nuveen Municipal High Income Opportunity Fund by 56.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,701 shares of the company’s stock worth $83,000 after purchasing an additional 2,766 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Nuveen Municipal High Income Opportunity Fund by 1,066.0% in the third quarter. International Assets Investment Management LLC now owns 7,917 shares of the company’s stock valued at $92,000 after purchasing an additional 7,238 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its position in shares of Nuveen Municipal High Income Opportunity Fund by 9.7% during the 3rd 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 during the last quarter. Concurrent Investment Advisors LLC purchased a new position in shares of Nuveen Municipal High Income Opportunity Fund in the 3rd quarter valued at about $139,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in Nuveen Municipal High Income Opportunity Fund in the second quarter valued at approximately $153,000.

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.