Raymond James Financial Services Advisors Inc. Takes $699,000 Position in Nuveen Floating Rate Income Opportnty Fd (NYSE:JRO)

Raymond James Financial Services Advisors Inc. acquired a new stake in Nuveen Floating Rate Income Opportnty Fd (NYSE:JRO) in the first quarter, Holdings Channel reports. The fund acquired 72,873 shares of the financial services provider’s stock, valued at approximately $699,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Advisors Asset Management Inc. raised its position in shares of Nuveen Floating Rate Income Opportnty Fd by 194.8% in the 4th quarter. Advisors Asset Management Inc. now owns 162,977 shares of the financial services provider’s stock valued at $1,470,000 after acquiring an additional 107,695 shares during the period. Sigma Planning Corp raised its position in shares of Nuveen Floating Rate Income Opportnty Fd by 58.3% in the 4th quarter. Sigma Planning Corp now owns 25,492 shares of the financial services provider’s stock valued at $230,000 after acquiring an additional 9,388 shares during the period. Lindbrook Capital LLC bought a new position in shares of Nuveen Floating Rate Income Opportnty Fd during the 4th quarter worth approximately $2,894,000. Stratos Wealth Partners LTD. grew its stake in shares of Nuveen Floating Rate Income Opportnty Fd by 8.0% during the 4th quarter. Stratos Wealth Partners LTD. now owns 96,161 shares of the financial services provider’s stock worth $867,000 after acquiring an additional 7,125 shares in the last quarter. Finally, Zazove Associates LLC bought a new position in shares of Nuveen Floating Rate Income Opportnty Fd during the 4th quarter worth approximately $417,000.

Shares of JRO traded up $0.04 during mid-day trading on Wednesday, hitting $9.79. 17,763 shares of the company’s stock were exchanged, compared to its average volume of 150,054. Nuveen Floating Rate Income Opportnty Fd has a 52 week low of $8.69 and a 52 week high of $10.63.

The firm also recently declared a monthly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be paid a dividend of $0.063 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.76 annualized dividend and a dividend yield of 7.72%.

COPYRIGHT VIOLATION WARNING: “Raymond James Financial Services Advisors Inc. Takes $699,000 Position in Nuveen Floating Rate Income Opportnty Fd (NYSE:JRO)” was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this article on another site, it was copied illegally and republished in violation of international trademark & copyright law. The original version of this article can be accessed at https://www.dispatchtribunal.com/2019/06/12/raymond-james-financial-services-advisors-inc-takes-699000-position-in-nuveen-floating-rate-income-opportnty-fd-nysejro.html.

Nuveen Floating Rate Income Opportnty Fd Profile

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

Featured Story: How the Consumer Price Index (CPI) is calculated?

Want to see what other hedge funds are holding JRO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nuveen Floating Rate Income Opportnty Fd (NYSE:JRO).

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

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.