Nuveen Floating Rate Income Fund (NYSE:JFR – Get Free Report) declared a monthly dividend on Friday, September 1st, Zacks reports. Shareholders of record on Friday, September 15th will be given a dividend of 0.085 per share on Monday, October 2nd. This represents a $1.02 dividend on an annualized basis and a yield of 12.38%. The ex-dividend date is Thursday, September 14th.
Nuveen Floating Rate Income Fund Stock Down 0.1 %
JFR stock traded down $0.01 during midday trading on Tuesday, hitting $8.24. The stock had a trading volume of 222,555 shares, compared to its average volume of 289,513. The company’s 50-day moving average price is $8.03 and its 200 day moving average price is $8.06. Nuveen Floating Rate Income Fund has a 12-month low of $7.69 and a 12-month high of $8.76.
Institutional Investors Weigh In On Nuveen Floating Rate Income Fund
Institutional investors have recently added to or reduced their stakes in the company. Stonebridge Capital Advisors LLC purchased a new stake in Nuveen Floating Rate Income Fund during the first quarter worth approximately $41,000. Benjamin F. Edwards & Company Inc. acquired a new stake in Nuveen Floating Rate Income Fund in the 2nd quarter valued at $39,000. Envestnet Asset Management Inc. purchased a new position in Nuveen Floating Rate Income Fund in the third quarter valued at about $85,000. HRT Financial LP acquired a new position in shares of Nuveen Floating Rate Income Fund during the first quarter worth about $88,000. Finally, Bank of Montreal Can purchased a new stake in shares of Nuveen Floating Rate Income Fund in the second quarter worth about $108,000.
Nuveen Floating Rate Income Fund Company Profile
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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