JPC - Shares of Nuveen Preferred & Income Opportunities Fund (JPC) Rise to a New 52-Week High
Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) traded today at a new 52-week high of $9.65. Approximately 54,000 shares have changed hands today, as compared to an average 30-day volume of 328,000 shares.
Over the past year, Nuveen Preferred & Income Opportunities Fund has traded in a range of $7.25 to $9.65 and is now at $9.65, 33% above that low.
The Fund seeks to provide high current income and secondarily, total return, by investing at least 80% of its managed assets in preferred and other income producing securities, including hybrid securities such as contingent capital securities and up to 20% opportunistically in other securities, primarily income-oriented securities such as corporate and taxable municipal debt and common equity. At least 50% is invested in securities that are rated investment grade at the time of purchase.
Potential upside of 151.0% exists for Nuveen Preferred & Income Opportunities Fund, based on a current level of $9.65 and analysts' average consensus price target of $24.22.
Receive IBN Spotlights - "Bite Size" Small, Mid and Large-Cap Technical Indicator Alerts
To stay connected with our complimentary IBN Spotlights, please visit https://IBN.fm/connected
About InvestorBrandNetwork (IBN)
InvestorBrandNetwork (IBN) consists of 50+ trusted financial brands introduced to the investment public over the course of 15+ years. Through these brands, IBN provides (1) access to our Investor Press Release Wire Solutions via InvestorWire (IW) to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions via IW to ensure maximum impact; (4) full-scale distribution to an enormous social media audience that includes millions of followers; and (5) a full array of corporate communications solutions focused on the IBN Podcast Series. With a proven track record serving 500+ client partners, IBN is the key to a more effective market communication campaign.
For more information, please visit https://www.InvestorBrandNetwork.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://IBN.fm/Disclaimer