Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) Trading at $8.76

Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) shares dropped 0% during trading on Wednesday. The stock traded as low as $8.74 and last traded at $8.7560. 523,306 shares were traded during mid-day trading, an increase of 94% from the average daily volume of 269,306 shares. The stock had previously closed at $8.76.

Nuveen Municipal Credit Opportunities Fund Stock Down 1.3%

The business’s 50 day moving average is $9.47 and its two-hundred day moving average is $10.27.

Nuveen Municipal Credit Opportunities Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 1st will be given a $0.0685 dividend. The ex-dividend date is Thursday, October 1st. This represents a $0.82 annualized dividend and a dividend yield of 9.5%.

Insider Transactions at Nuveen Municipal Credit Opportunities Fund

In other news, Portfolio Manager Michael S. Hamilton acquired 3,000 shares of the business’s stock in a transaction dated Friday, October 9th. The stock was bought at an average cost of $8.70 per share, for a total transaction of $26,100.00. Following the completion of the transaction, the portfolio manager owned 3,000 shares of the company’s stock, valued at $26,100. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Hedge Funds Weigh In On Nuveen Municipal Credit Opportunities Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE increased its stake in Nuveen Municipal Credit Opportunities Fund by 12.1% in the first quarter. Bank of America Corp DE now owns 1,565,852 shares of the company’s stock valued at $16,567,000 after acquiring an additional 168,635 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in Nuveen Municipal Credit Opportunities Fund by 72.0% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 320,389 shares of the company’s stock worth $3,489,000 after purchasing an additional 134,105 shares during the last quarter. Melone Private Wealth LLC lifted its stake in Nuveen Municipal Credit Opportunities Fund by 8.3% during the second quarter. Melone Private Wealth LLC now owns 697,450 shares of the company’s stock worth $7,595,000 after purchasing an additional 53,453 shares during the last quarter. LM Advisors LLC purchased a new position in shares of Nuveen Municipal Credit Opportunities Fund in the 2nd quarter worth about $452,000. Finally, Worth Asset Management LLC purchased a new position in shares of Nuveen Municipal Credit Opportunities Fund in the 2nd quarter worth about $254,000.

Nuveen Municipal Credit Opportunities Fund Company Profile

Nuveen Municipal Credit Opportunities Fund (NYSE: NMCO) is a closed-end investment fund managed by Nuveen Asset Management. The fund seeks to provide current income that is generally exempt from regular federal income tax, while also pursuing long-term capital appreciation as a secondary objective.

NMCO invests primarily in municipal securities issued by states, cities, counties, and other public-sector entities in the United States. Its portfolio focuses on municipal credit opportunities, including below-investment-grade and unrated securities, which may offer higher income potential but involve greater credit and market risk than higher-rated municipal bonds.

The fund provides investors with professionally managed exposure to the U.S.