Nuveen Municipal High Income Opportunity Fund (NMZ)
| Market Value | 1.19B |
| Revenue (ttm) | 101.78M |
| Net Income (ttm) | 7.26M |
| Shares Out | 110.54M |
| EPS (ttm) | 0.07 |
| PE Ratio | 164.54 |
| Forward PE | n/a |
| Dividend | $0.79 (7.33%) |
| Ex-Dividend Date | Dec 13, 2024 |
| Volume | 468,122 |
| Open | 10.88 |
| Previous Close | 10.86 |
| Day's Range | 10.80 - 10.97 |
| 52-Week Range | 9.49 - 11.90 |
| Beta | 0.68 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | n/a |
About NMZ
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. [Read more]
News
NMZ: I Wouldn't Chase Returns Here (Rating Downgrade)
NMZ's primary goal is high current income exempt from federal tax, with a secondary goal of attractive total return. Despite NMZ's recent equity-like returns, I recommend a "hold" due to potential mar...
NMZ: Income Bump And Discount To NAV Continue To Support Share Price
I evaluate Nuveen Municipal High Income Opportunity Fund as an investment option in light of recent income boosts and declining inflation metrics. The fund still has a sharp discount to NAV, supportin...
Nuveen Closed-End Funds Declare Distributions
NEW YORK--(BUSINESS WIRE)--Several Nuveen closed-end funds have declared distributions. These funds represent investment strategies for investors seeking diversified sources of cash flow to prepare fo...
NMZ: Still A Decent Muni Option For 2024
I am maintaining a "buy" rating for the Nuveen Municipal High Income Opportunity Fund for multiple reasons. The fund is benefiting from a decline in long-term muni issuance and from a Fed pause in rat...
The 8% Income Portfolio: 2023 Year-End Review
2023 year-end review of our 8% Income Portfolio. This high-income portfolio earned over $29,000 in distributions amounting to over 14% yield-on-cost basis and roughly 8.6% on average portfolio value. ...
Nuveen High Yield Muni: Generational Opportunity In Muni CEFs
Municipal bond closed-end funds (CEFs) are recommended as a top trade idea for 2024, offering the potential for high total returns in a relatively safe asset class.
CEF Weekly Commentary | Swap Some MAIN Bonds?
Macro markets saw positive movement, with the S&P 500 up 1.81% and bonds performing well. The PPI report offset slightly hot CPI, leaving uncertainty about how the Fed will respond to rising inflation...
NMZ: Take Profits Now Before The FOMC Disappoints The Market
Nuveen Municipal High Income Opportunity Fund offers a 5.13% yield, which is equivalent to an 8.14% yield for investors in the top tax bracket. The NMZ closed-end fund's shares have declined by 16.33%...
Nuveen Closed-End Funds Declare Distributions and Updates to Distribution Policies
NEW YORK--(BUSINESS WIRE)--Nuveen Closed-End Funds today announced that the Board of Trustees of the Funds has approved the regular monthly and quarterly distributions. In addition, the Board of Trust...
Nuveen Municipal Closed-End Funds Announce Distribution Updates
NEW YORK--(BUSINESS WIRE)--Today, the Board of Trustees of certain Nuveen municipal closed-end funds declared regular monthly distribution rates and updated certain distribution policies. Additionally...
NMCO And NMZ: Two Previous Buy Ratings Dismantled By The FOMC
Nuveen Municipal Credit Opportunities Fund and Nuveen Municipal High Income Opportunity Fund have experienced significant declines since 2021. Both funds aim to provide high current income exempt from...
NMZ: Reiterating A Buy Case In The Latter Stages Of 2023
I see the Nuveen Municipal High Income Opportunity Fund as a reasonable investment option for the right buyer at these levels. NMZ has performed well in a risk-on market environment and should continu...
Nuveen Closed-End Funds Complete Previously Announced Portfolio Management Team Updates
NEW YORK--(BUSINESS WIRE)--As previously announced on April 10, 2023, John V. Miller effective today is no longer a portfolio manager for Nuveen Municipal High Income Opportunity Fund (NYSE: NMZ), Nuv...
Nuveen Closed-End Funds Announce Updates to Certain Portfolio Management Teams
NEW YORK , April 10, 2023 /PRNewswire/ -- Effective immediately, portfolio manager responsibilities for Nuveen Municipal High Income Opportunity Fund (NYSE: NMZ), Nuveen Taxable Municipal Income Fund...
Your Shot At Tax-Free 5% Dividends Is Vanishing
There's a “delayed reaction” dividend play (for tax-free 5% yields) waiting for us in municipal bonds right now—and it's not going to last.
NMZ: The Buy Case For High Yield Munis - It's Not For Everyone
NMZ has seen the weakness of late and that may have opened up a buying opportunity for those who can withstand some risk. The fund went from par value to a 4% discount to NAV. That signals some inhere...
CEF Report February 2023 | The January Effect Didn't Disappoint
The January Effect boosted the valuation of most areas of the closed-end fund market. Taxable bond CEFs have rallied strongly while leaving munis behind. We think this is an opportunity for investors ...
The 8% Income Portfolio: 2022 Year-End Review
Presenting our 2022 year-end review of our 8% Income Portfolio. This high-income portfolio earned over $29,000 in distributions (including year-end special distributions) amounting to over 14% yield-o...
NMZ: Munis Look Attractive, But Buy Selectively
I see a lot of inherent value within the municipal bond sector as we push closer to 2023. However, investors still need to be selective with their purchases. NMZ illustrates this concept plainly. The ...
Municipal CEF Sector Update: Outperforming The Market For A Change
The municipal CEF sector has outperformed the broader CEF space over the last month for a change, supported by stabilizing Treasury yields and a lower sensitivity to rising credit spreads. We discuss ...
How To Protect Your Wealth, Grab 7%+ Dividends, In This Pullback
You can be forgiven if your stomach tightens just a bit when you go to check your retirement account.
NMZ: Reaching For Yield Through Munis Can Make Sense
NMZ has performed well in 2021, and there are reasons to suggest that can continue in the new year. High yield munis make up over half this portfolio, and that sub-sector has been out-performing the b...
NMZ: A Good Choice For A Rising Rate World
Nuveen Municipal High Income Opportunity Fund goes down the rating scale to provide investors with greater income. History shows this has paid off when rates go up. While lower-rated bonds are deemed ...
More Relative Value Trades And Opportunities: Munis
The muni CEF space is largely buy-and-hold (or long-term rental agreements). But right now, there's a lot of dislocation in the sector. Some funds are extremely expensive while others are relatively c...