NMZ: Still A Decent Muni Option For 2024 [Seeking Alpha]
Nuveen Municipal High Income Opportunity Fund, $0.01 par value, per share (NMZ)
NASDAQ:AMEX Investor Relations:
nuveen.com/cef/product/overview.aspx?fundcode=nmz
Company Research
Source: Seeking Alpha
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. This idea was discussed in more depth with members of my private investing community, CEF/ETF Income Laboratory. Learn More » Main Thesis & Background The purpose of this article is to evaluate the Nuveen Municipal High Income Opportunity Fund ( NYSE: NMZ ) as an investment option at its current market price. It is a closed-end fund with an objective "to provide high current income exempt from regular federal income tax. Its secondary investment objective is to seek attractive total return consistent with its primary objective". I keep NMZ on my radar all the time because I like Nuveen as an asset manager and munis are my preferred method of playing the fixed-income market. When I last looked at this particular fund in the summer of 2023, I saw a buy case emerging.
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NMZ
Sec Filings
- 4/4/24 - Form 424B2
- 3/22/24 - Form NPORT-P
- 3/20/24 - Form N-23C-2
- NMZ's page on the SEC website