Advisors Asset Management Inc. lowered its position in Nuveen Floating Rate Income Opportnty Fd (NYSE:JRO) by 13.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 114,274 shares of the financial services provider’s stock after selling 17,035 shares during the period. Advisors Asset Management Inc.’s holdings in Nuveen Floating Rate Income Opportnty Fd were worth $1,334,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Stratos Wealth Partners LTD. increased its stake in shares of Nuveen Floating Rate Income Opportnty Fd by 27.3% in the second quarter. Stratos Wealth Partners LTD. now owns 82,526 shares of the financial services provider’s stock worth $963,000 after buying an additional 17,705 shares during the period. Aviance Capital Partners LLC increased its stake in shares of 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 worth $896,000 after buying an additional 13,539 shares during the period. Finally, Wedbush Securities Inc. purchased a new stake in shares of Nuveen Floating Rate Income Opportnty Fd during the second quarter worth approximately $244,000.

Shares of Nuveen Floating Rate Income Opportnty Fd (JRO) opened at 11.611 on Monday. Nuveen Floating Rate Income Opportnty Fd has a one year low of $10.64 and a one year high of $12.93. The stock’s 50 day moving average is $11.73 and its 200-day moving average is $11.88.

The business also recently announced 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 of this dividend is Friday, August 11th. This represents a $0.85 annualized dividend and a dividend yield of 7.29%.

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In other news, insider Scott C. Caraher sold 7,611 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 39,800 shares in the company, valued at approximately $464,466. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Scott C. Caraher sold 12,000 shares of the business’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $11.80, for a total value of $141,600.00. Following the transaction, the insider now owns 12,136 shares of the company’s stock, valued at $143,204.80. The disclosure for this sale can be found here.

Nuveen Floating Rate Income Opportnty Fd Company Profile

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.

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Institutional Ownership by Quarter for Nuveen Floating Rate Income Opportnty Fd (NYSE:JRO)

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