Nuveen Preferred & Income Opportunities Fund is a closed ended balanced mutual fund launched by Nuveen Investments Inc. The fund is co-managed by Nuveen Fund Advisors LLC, Nuveen Asset Management, LLC, and NWQ Investment Management Company, LLC. It invests in the public equity and fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors. It primarily invests in preferred securities, dividend paying stocks of companies, and corporate and taxable municipal debt securities which are rated BBB/Baa or better by S&P, Moody's, or Fitch. The fund employs fundamental analysis with a top-down stock picking approach to create its portfolio. It benchmarks the performance of its portfolio against the BofA/Merrill Lynch Preferred Stock Fixed Rate Index and the JPC Blended Index which is comprised of 82.5% BofA/Merrill Lynch Preferred Stock Fixed Rate Index and 17.5% Barclays Capital Securities Index. The fund was formerly known as Nuveen Preferred Income Opportunities Fund. Nuveen Preferred & Income Opportunities Fund was formed on March 26, 2003 and is domiciled in the United States.
Nuveen Preferred & Income Opportunities Fund Stock Up 0.2 %
Shares of NYSE:JPC traded up $0.01 during midday trading on Friday, hitting $8.34. The company had a trading volume of 107,682 shares, compared to its average volume of 361,006. Nuveen Preferred & Income Opportunities Fund has a twelve month low of $7.27 and a twelve month high of $10.05. The business has a 50-day simple moving average of $7.83 and a two-hundred day simple moving average of $8.18.
Nuveen Preferred & Income Opportunities Fund Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Monday, August 15th will be issued a dividend of $0.053 per share. The ex-dividend date is Friday, August 12th. This represents a $0.64 annualized dividend and a yield of 7.63%.