Nuveen Floating Rate Income Opportunity Fund (NYSE:JRO – Get Rating) declared a monthly dividend on Wednesday, February 1st, Zacks reports. Shareholders of record on Wednesday, February 15th will be given a dividend of 0.074 per share by the financial services provider on Wednesday, March 1st. This represents a $0.89 annualized dividend and a yield of 10.35%. The ex-dividend date of this dividend is Tuesday, February 14th.
Nuveen Floating Rate Income Opportunity Fund has increased its dividend by an average of 0.7% per year over the last three years and has raised its dividend annually for the last 2 consecutive years.
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Nuveen Floating Rate Income Opportunity Fund Stock Down 0.1 %
NYSE JRO opened at $8.58 on Friday. The stock's 50-day moving average is $8.20 and its 200-day moving average is $8.28. Nuveen Floating Rate Income Opportunity Fund has a one year low of $7.73 and a one year high of $10.48.
Institutional Investors Weigh In On Nuveen Floating Rate Income Opportunity Fund
Hedge funds have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. raised its position in shares of Nuveen Floating Rate Income Opportunity Fund by 15.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 36,421 shares of the financial services provider's stock worth $369,000 after purchasing an additional 4,805 shares during the period. Commonwealth Equity Services LLC raised its position in shares of Nuveen Floating Rate Income Opportunity Fund by 3.6% during the third quarter. Commonwealth Equity Services LLC now owns 54,798 shares of the financial services provider's stock worth $441,000 after purchasing an additional 1,881 shares during the period. Walleye Capital LLC acquired a new stake in shares of Nuveen Floating Rate Income Opportunity Fund during the second quarter worth about $471,000. Raymond James Financial Services Advisors Inc. raised its position in shares of Nuveen Floating Rate Income Opportunity Fund by 156.9% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 91,979 shares of the financial services provider's stock worth $933,000 after purchasing an additional 56,172 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in shares of Nuveen Floating Rate Income Opportunity Fund during the first quarter worth about $1,435,000.
Nuveen Floating Rate Income Opportunity Fund Company Profile
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Nuveen Floating Rate Income Opportunity Fund is an closed-end investment fund. Its investment objective is to achieve a high level of current income by investing its managed assets in adjustable rate loans. The company was founded on April 27, 2004 and is headquartered in Chicago, IL.
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