NMO Final Target Hit
NMO (Nuveen Muni Opportunity Fund) hit the final target of 12.52 & will be moved to the Completed Trades category. Consider booking partial or full profits and/or raising stops to protect profits for those planning to hold NMO as a longer-term income producing investment. With a current tax-free* distribution rate of 6.35%, NMO still offers a very attractive after-tax income stream for investors in higher-tax brackets seeking current income. (*Most or all dividends free from federal but not necessarily state income tax. Click here for more info on NMO)