Stratos Wealth Partners LTD. boosted its stake in Nuveen Floating Rate Income Opportnty Fd (NYSE:JRO) by 27.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 82,526 shares of the financial services provider’s stock after buying an additional 17,705 shares during the period. Stratos Wealth Partners LTD.’s holdings in Nuveen Floating Rate Income Opportnty Fd were worth $963,000 as of its most recent SEC filing.
Separately, Aviance Capital Partners LLC increased its position in Nuveen Floating Rate Income Opportnty Fd by 21.4% in the second quarter. Aviance Capital Partners LLC now owns 76,795 shares of the financial services provider’s stock valued at $896,000 after buying an additional 13,539 shares during the last quarter.
Nuveen Floating Rate Income Opportnty Fd (NYSE JRO) traded down 0.34% during trading on Tuesday, reaching $11.68. The company’s stock had a trading volume of 78,304 shares. The firm has a 50-day moving average price of $11.70 and a 200-day moving average price of $11.91. Nuveen Floating Rate Income Opportnty Fd has a 52 week low of $10.64 and a 52 week high of $12.93.
The business also recently disclosed a monthly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be given a dividend of $0.0705 per share. The ex-dividend date is Friday, August 11th. This represents a $0.85 dividend on an annualized basis and a dividend yield of 7.24%.
In other news, insider Scott C. Caraher sold 7,611 shares of the stock in a transaction on Thursday, July 13th. The stock was sold at an average price of $11.67, for a total transaction of $88,820.37. Following the completion of the sale, the insider now owns 39,800 shares in the company, valued at approximately $464,466. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Scott C. Caraher sold 12,000 shares of the stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $11.80, for a total value of $141,600.00. Following the sale, the insider now owns 12,136 shares of the company’s stock, valued at approximately $143,204.80. The disclosure for this sale can be found here.
About Nuveen Floating Rate Income Opportnty Fd
Nuveen Floating Rate Income Opportunity Fund is a diversified closed-end management investment company. The Fund’s investment objective is to achieve a high level of current income. The Fund invests approximately 80% of its managed assets in adjustable rate loans, primarily secured senior loans. As part of the 80% requirement, the Fund also may invest in unsecured senior loans and secured and unsecured subordinated loans.
Receive News & Ratings for Nuveen Floating Rate Income Opportnty Fd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuveen Floating Rate Income Opportnty Fd and related companies with MarketBeat.com's FREE daily email newsletter.
