Wedbush Securities Inc. Invests $244,000 in Nuveen Floating Rate Income Opportnty Fd (JRO)
Wedbush Securities Inc. bought a new position in shares of Nuveen Floating Rate Income Opportnty Fd (NYSE:JRO) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 20,950 shares of the financial services provider’s stock, valued at approximately $244,000.
Separately, Stratos Wealth Partners LTD. raised 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 in the last quarter.
Shares of Nuveen Floating Rate Income Opportnty Fd (NYSE:JRO) opened at 11.69 on Monday. The firm’s 50-day moving average is $11.73 and its 200-day moving average is $11.90. 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 paid 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 7.24%.
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In related news, insider William J. Schneider acquired 8,600 shares of the stock in a transaction dated Friday, June 30th. The stock was acquired at an average cost of $11.55 per share, for a total transaction of $99,330.00. Following the completion of the purchase, the insider now owns 47,400 shares of the company’s stock, valued at approximately $547,470. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, insider Scott C. Caraher sold 12,000 shares of Nuveen Floating Rate Income Opportnty Fd stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $11.80, for a total transaction of $141,600.00. Following the sale, 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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