Nuveen Floating Rate Income Fund (NYSE:JFR) Stock Price Down 0.2%

Nuveen Floating Rate Income Fund (NYSE:JFR)’s stock price was down 0.2% on Tuesday . The company traded as low as $9.50 and last traded at $9.54, approximately 20,848 shares were traded during mid-day trading. A decline of 89% from the average daily volume of 192,452 shares. The stock had previously closed at $9.56.

The firm’s 50 day moving average is $9.49 and its 200 day moving average is $9.66.

The company also recently announced a monthly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were paid a $0.062 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.74 annualized dividend and a yield of 7.80%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisor Group Inc. increased its position in shares of Nuveen Floating Rate Income Fund by 8.8% during the second quarter. Advisor Group Inc. now owns 18,722 shares of the company’s stock worth $185,000 after purchasing an additional 1,512 shares in the last quarter. Landscape Capital Management L.L.C. grew its stake in Nuveen Floating Rate Income Fund by 6.3% during the 2nd quarter. Landscape Capital Management L.L.C. now owns 30,798 shares of the company’s stock worth $303,000 after buying an additional 1,837 shares during the last quarter. First Trust Advisors LP grew its stake in Nuveen Floating Rate Income Fund by 9.6% during the 3rd quarter. First Trust Advisors LP now owns 22,172 shares of the company’s stock worth $216,000 after buying an additional 1,942 shares during the last quarter. Venturi Wealth Management LLC acquired a new position in Nuveen Floating Rate Income Fund during the 3rd quarter valued at about $28,000. Finally, FNY Investment Advisers LLC increased its position in Nuveen Floating Rate Income Fund by 2,181.7% during the 2nd quarter. FNY Investment Advisers LLC now owns 3,240 shares of the company’s stock valued at $31,000 after buying an additional 3,098 shares in the last quarter.

About Nuveen Floating Rate Income Fund (NYSE:JFR)

Nuveen Floating Rate Income Fund is a close ended fixed income mutual fund launched by Nuveen Investments, Inc It is co-managed by Nuveen Fund Advisors LLC and Symphony Asset Management LLC. The fund invests in fixed income markets of the United States. It primarily invests in adjustable rate secured and unsecured senior loans.

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