Nuveen Municipal High Income Opportunity Fund
About: Nuveen Municipal High Income Opp Fund is a diversified, closed-end management investment company. The company's investment objectives is to provide current income exempt from regular federal income tax by investing predominantly in a portfolio of municipal obligations issued by state and local government authorities or certain U.S. territories. It seeks to provide attractive monthly tax-free income, portfolio diversification and attractive after tax total returns. The fund invests in municipal securities that are exempt from federal income taxes.
0
Funds holding %
of 6,809 funds
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Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
90% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 21
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
1% less funds holding
Funds holding: 116 [Q2] → 115 (-1) [Q3]
4% less capital invested
Capital invested by funds: $194M [Q2] → $186M (-$8.73M) [Q3]
7% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 14
1.86% less ownership
Funds ownership: 16.28% [Q2] → 14.42% (-1.86%) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for NMZ.
Financial journalist opinion
Neutral
Seeking Alpha
3 weeks ago
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 market breather and better future entry points. Given the fund's strong momentum and increased valuation, a more cautious approach is warranted heading into 2025.
Positive
Seeking Alpha
5 months ago
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, supporting a bullish view. Illinois bonds make up a good chunk of the overall portfolio. These issues are benefiting from an on-time budget, rising taxes, and an upgrade to "stable" from credit rating agencies for the state.
Neutral
Business Wire
6 months ago
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 for and sustain their retirement income needs. For further information regarding fund distributions, including earnings, undistributed net investment income, and notices, please visit www.nuveen.com/cef. Additionally, several funds have announced distribution increases of up to 71%. The distribution.
Positive
Seeking Alpha
9 months ago
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 rate hikes. NMZ holds many non-rated bonds, but I still feel this is a safer option than going into junk rated corporates.
Positive
Seeking Alpha
10 months ago
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. We will provide updates on trades during the year, dividends collected, and overall performance. As usual, we will compare the performance with a traditional 60:40 stock/bond portfolio.
Positive
Seeking Alpha
10 months ago
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.
Positive
Seeking Alpha
11 months ago
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 figures. PIMCO Corp & Inc Strat (PCN), a fund I've been high on for some time, has gone parabolic. There was a recommendation from a Seeking Alpha author that likely drove.
Neutral
Seeking Alpha
11 months ago
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% over the past five years, performing poorly compared to the ICE AMT-Free US National Municipal Index. The fund invests in municipal securities rated Baa/BBB or lower, with a significant portion invested in unrated securities, which poses some risk.
Neutral
Business Wire
1 year ago
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 Trustees has approved updated distribution polices described below under “Monthly & Quarterly Distributions” for The Nuveen Preferred & Income Opportunities Fund (NYSE: JPC), Nuveen Preferred and Income Term Fund (NYSE: JPI), Nuveen Variable Rate Preferred & Income Fund (NYSE: NPFD), Nuveen.
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