Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) Trading 0.3% Higher After Dividend Announcement

Posted by Financial News Live on May 4th, 2024

Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO – Get Free Report)’s stock price traded up 0.3% on Thursday following a dividend announcement from the company. The stock traded as high as $10.30 and last traded at $10.28. 166,110 shares were traded during mid-day trading, a decline of 5% from the average session volume of 174,031 shares. The stock had previously closed at $10.25.

The newly announced dividend which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.05 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.77%. The ex-dividend date is Tuesday, May 14th.

Nuveen Municipal Credit Opportunities Fund Price Performance

The firm has a 50-day simple moving average of $10.41 and a two-hundred day simple moving average of $10.03.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of NMCO. Wolverine Asset Management LLC purchased a new stake in shares of Nuveen Municipal Credit Opportunities Fund during the 3rd quarter worth $25,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Nuveen Municipal Credit Opportunities Fund during the 3rd quarter worth about $126,000. Landscape Capital Management L.L.C. acquired a new position in shares of Nuveen Municipal Credit Opportunities Fund during the 3rd quarter worth about $128,000. OmniStar Financial Group Inc. purchased a new position in shares of Nuveen Municipal Credit Opportunities Fund in the 3rd quarter valued at about $135,000. Finally, First National Trust Co acquired a new stake in shares of Nuveen Municipal Credit Opportunities Fund during the 1st quarter worth about $146,000.

About Nuveen Municipal Credit Opportunities Fund

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Nuveen Municipal Credit Opportunities Fund (NMCO) seeks to provide a high level of current income exempt from regular U.S. federal income tax and secondarily, total return. The Fund invests primarily in high yielding, low- to medium-quality municipal securities that, at the time of investment, are rated Baa/BBB or lower or, if unrated, are judged by the portfolio managers to be of comparable quality.