Rivernorth Capital Management LLC Grows Position in Nuveen Floating Rate Income Opportnty Fd (NYSE:JRO)

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Rivernorth Capital Management LLC boosted its stake in Nuveen Floating Rate Income Opportnty Fd (NYSE:JRO) by 53.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 371,777 shares of the financial services provider’s stock after purchasing an additional 130,143 shares during the quarter. Rivernorth Capital Management LLC’s holdings in Nuveen Floating Rate Income Opportnty Fd were worth $3,621,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC purchased a new stake in Nuveen Floating Rate Income Opportnty Fd in the second quarter valued at approximately $49,000. Personal Wealth Partners purchased a new stake in Nuveen Floating Rate Income Opportnty Fd in the second quarter valued at approximately $67,000. AE Wealth Management LLC purchased a new stake in Nuveen Floating Rate Income Opportnty Fd in the second quarter valued at approximately $115,000. BB&T Securities LLC purchased a new stake in Nuveen Floating Rate Income Opportnty Fd in the second quarter valued at approximately $124,000. Finally, NEXT Financial Group Inc purchased a new stake in Nuveen Floating Rate Income Opportnty Fd in the second quarter valued at approximately $133,000.

Nuveen Floating Rate Income Opportnty Fd stock traded up $0.01 during trading on Friday, reaching $9.59. The company had a trading volume of 2,300 shares, compared to its average volume of 137,464. Nuveen Floating Rate Income Opportnty Fd has a 12-month low of $8.69 and a 12-month high of $10.40. The stock’s 50 day moving average price is $9.56 and its two-hundred day moving average price is $9.74.

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.72 annualized dividend and a yield of 7.51%.

About Nuveen Floating Rate Income Opportnty Fd

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.

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

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