Nuveen Municipal High Income Oppty Fund (NYSE:NMZ) Shares Pass Below 50 Day Moving Average of $14.22

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Nuveen Municipal High Income Oppty Fund (NYSE:NMZ) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $14.22 and traded as low as $14.39. Nuveen Municipal High Income Oppty Fund shares last traded at $14.39, with a volume of 10,216 shares trading hands.

The stock’s 50 day moving average price is $14.23 and its 200 day moving average price is $13.71.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date is Wednesday, August 14th.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cliftonlarsonallen Wealth Advisors LLC increased its position in Nuveen Municipal High Income Oppty Fund by 1.0% during the 2nd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 248,321 shares of the company’s stock worth $3,467,000 after purchasing an additional 2,435 shares in the last quarter. Bank of America Corp DE increased its position in Nuveen Municipal High Income Oppty Fund by 25.6% during the 2nd quarter. Bank of America Corp DE now owns 211,470 shares of the company’s stock worth $2,953,000 after purchasing an additional 43,140 shares in the last quarter. Morgan Stanley increased its position in Nuveen Municipal High Income Oppty Fund by 19.3% during the 2nd quarter. Morgan Stanley now owns 182,371 shares of the company’s stock worth $2,546,000 after purchasing an additional 29,519 shares in the last quarter. Wells Fargo & Company MN increased its position in Nuveen Municipal High Income Oppty Fund by 10.6% during the 2nd quarter. Wells Fargo & Company MN now owns 175,493 shares of the company’s stock worth $2,450,000 after purchasing an additional 16,837 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its position in Nuveen Municipal High Income Oppty Fund by 9.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 140,277 shares of the company’s stock worth $1,958,000 after purchasing an additional 12,070 shares in the last quarter.

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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