Nuveen Municipal High Income Opportunity Fund (NMZ)
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NMZ: 8% Yield On Muni Assets
Nuveen Municipal High Income Opportunity Fund targets high, tax-exempt income, offering an 8.2% yield and a 9.82% five-year dividend growth rate. NMZ recently merged with three other Nuveen funds, expanding assets but facing weak distribution coverage (0.55x) and NAV erosion. Despite outperformance versus peers over 1, 3, and 10 years, NMZ's current 0.73% NAV discount is less attractive than historical averages.
NMZ: Aligned To Benefit From Lower Interest Rates
Nuveen Municipal High Income Opportunity Fund offers a 7.8% yield, trading at a 1.57% discount to NAV, appealing to income-focused investors. NMZ employs aggressive leverage (40.22% of assets) and targets unrated municipal bonds, amplifying both yield and risk, especially in high-rate environments. Dividend coverage remains weak; 2025 earnings are $0.21/share versus $0.79/share paid, risking further NAV erosion and potential payout cuts if rates stay elevated.
Nuveen Municipal High Income Opportunity Fund Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 446,955 | $4.72M | $4M | -$728,541.3 | -15.42% |
| PER Paul E. Rasmussen SIT INVESTMENT ASSOCIATES Inc. | 2.34M | $24.7M | $21.32M | -$3.38M | -13.67% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 41,081 | $482,925.43 | $367,264.14 | -$115,661.29 | -23.95% |
 CliftonLarsonAllen Wealth Advisors CliftonLarsonAllen Wealth Advisors LLC | 38,418 | $397,384.25 | $350,180.07 | -$47,204.18 | -11.88% |
| FJL Frank J. Lapinsky AmeriServ Wealth Advisors | 39,137 | $413,678.09 | $349,884.78 | -$63,793.31 | -15.42% |
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