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There has been a significant shift in the fundamentals for Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ)

January 3, 2023
in Finance

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) shares traded -0.58% lower at $10.34 on Wall Street last session.

NMZ stock price is now -1.51% away from the 50-day moving average and -10.16% away from the 200-day moving average. The market capitalization of the company currently stands at $1.10B.

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In other news, TOTH TERENCE J, Trustee bought 2,370 shares of the company’s stock on Nov 28. The stock was bought for $25,999 at an average price of $10.97. Upon completion of the transaction, the Trustee now directly owns 4,208 shares in the company, valued at $43510.72. An SEC document containing details of the transaction can be found on the SEC’s website. On May 26, Trustee MOSCHNER ALBIN F bought 1,500 shares of the business’s stock. A total of $18,495 was incurred on buying the stock at an average price of $12.33. This leaves the insider owning 1,500 shares of the company worth $15510.0.

There have been several recent changes in the stakes of large investors in NMZ stock. A new stake in Nuveen Municipal High Income Opportunity Fund shares was purchased by BROOKSTONE CAPITAL MANAGEMENT during the first quarter worth $865,000. VIRTU FINANCIAL LLC invested $791,000 in shares of NMZ during the first quarter. In the first quarter, SUMMIT X, LLC acquired a new stake in Nuveen Municipal High Income Opportunity Fund valued at approximately $599,000. CETERA ADVISORS LLC acquired a new stake in NMZ for approximately $159,000. STEPHENS INC /AR/ purchased a new stake in NMZ valued at around $128,000 in the second quarter. In total, there are 123 active investors with 10.02% ownership of the company’s stock.

Nuveen Municipal High Income Opportunity Fund (NYSE: NMZ) opened at $10.40 on Friday. During the past 12 months, Nuveen Municipal High Income Opportunity Fund has had a low of $9.70 and a high of $15.19. The fifty day moving average price for NMZ is $10.50 and a two-hundred day moving average price translates $11.49 for the stock.

The latest earnings results from Nuveen Municipal High Income Opportunity Fund (NYSE: NMZ) was released for Apr, 2022.

Moreover, the firm recently paid out its quarterly dividend on 12/30/2022. Investors who held shares on 12/15/2022 were paid a $0.0535 dividend. On an annualized basis, this represents a $0.64 dividend and a 6.21% percent yield. There was an ex-dividend date of 12/14/2022 for this dividend.

Nuveen Municipal High Income Opportunity Fund(NMZ) Company Profile

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. The fund was formerly known as Nuveen Municipal High Yield Opportunity Fund. Nuveen Municipal High Income Opportunity Fund was founded in November 19, 2003 and is based in the United States.

Tags: NMZNMZ stockNuveen Municipal High Income Opportunity FundNYSE:NMZ

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