Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) Announces $0.07 Monthly Dividend

Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) announced a monthly dividend on Monday, June 1st. Stockholders of record on Monday, June 15th will be given a dividend of 0.0685 per share on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date is Monday, June 15th.

Nuveen Municipal Credit Opportunities Fund Stock Performance

NMCO opened at $10.78 on Tuesday. The stock has a fifty day moving average of $10.68 and a 200-day moving average of $10.63. Nuveen Municipal Credit Opportunities Fund has a 12-month low of $9.95 and a 12-month high of $10.99.

Institutional Trading of Nuveen Municipal Credit Opportunities Fund

A number of hedge funds have recently modified their holdings of the business. PFG Investments LLC lifted its holdings in shares of Nuveen Municipal Credit Opportunities Fund by 3.0% in the fourth quarter. PFG Investments LLC now owns 61,643 shares of the company’s stock valued at $631,000 after purchasing an additional 1,780 shares in the last quarter. Wakefield Asset Management LLLP raised its holdings in shares of Nuveen Municipal Credit Opportunities Fund by 2.4% during the third quarter. Wakefield Asset Management LLLP now owns 87,603 shares of the company’s stock worth $952,000 after acquiring an additional 2,072 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of Nuveen Municipal Credit Opportunities Fund by 2.5% during the fourth quarter. NewEdge Advisors LLC now owns 87,339 shares of the company’s stock worth $893,000 after acquiring an additional 2,144 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Nuveen Municipal Credit Opportunities Fund by 10.3% during the first quarter. Janney Montgomery Scott LLC now owns 23,123 shares of the company’s stock worth $245,000 after acquiring an additional 2,152 shares in the last quarter. Finally, WESPAC Advisors LLC raised its holdings in shares of Nuveen Municipal Credit Opportunities Fund by 3.2% during the fourth quarter. WESPAC Advisors LLC now owns 72,687 shares of the company’s stock worth $744,000 after acquiring an additional 2,287 shares in the last quarter.

About Nuveen Municipal Credit Opportunities Fund

Nuveen Municipal Credit Opportunities Fund (NYSE: NMCO) is a closed-end management investment company that seeks to provide high current income exempt from federal income tax and, to the extent reasonably possible, exempt from or subject to limited United States state and local income taxes. The fund pursues its objective by primarily investing in a broad range of municipal securities, including investment-grade and below-investment-grade debt obligations issued by states, municipalities, public authorities and other political subdivisions across the United States.

NMCO’s portfolio construction emphasizes credit selection and active management strategies to target undervalued opportunities in both public and private municipal markets.