Nuveen Floating Rate Income Fund (JFR) To Go Ex-Dividend on June 13th

Nuveen Floating Rate Income Fund (NYSE:JFR) announced a monthly dividend on Tuesday, June 3rd, Wall Street Journal reports. Investors of record on Friday, June 13th will be given a dividend of 0.085 per share on Tuesday, July 1st. This represents a $1.02 dividend on an annualized basis and a yield of 12.26%. The ex-dividend date is Friday, June 13th.

Nuveen Floating Rate Income Fund Price Performance

NYSE JFR opened at $8.32 on Thursday. Nuveen Floating Rate Income Fund has a 52 week low of $7.12 and a 52 week high of $9.24. The stock has a fifty day moving average of $8.11 and a 200-day moving average of $8.51.

Insiders Place Their Bets

In other news, Portfolio Manager Scott C. Caraher purchased 15,000 shares of the business’s stock in a transaction dated Friday, March 21st. The shares were bought at an average cost of $8.40 per share, for a total transaction of $126,000.00. Following the completion of the acquisition, the portfolio manager now directly owns 40,440 shares in the company, valued at approximately $339,696. This trade represents a 58.96% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Trading of Nuveen Floating Rate Income Fund

A number of institutional investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC increased its position in Nuveen Floating Rate Income Fund by 4.6% during the first quarter. Integrated Wealth Concepts LLC now owns 33,135 shares of the company’s stock worth $281,000 after buying an additional 1,446 shares during the last quarter. Jane Street Group LLC grew its position in Nuveen Floating Rate Income Fund by 53.1% during the first quarter. Jane Street Group LLC now owns 42,062 shares of the company’s stock worth $356,000 after buying an additional 14,582 shares in the last quarter. Finally, Royal Bank of Canada grew its position in Nuveen Floating Rate Income Fund by 11.0% during the first quarter. Royal Bank of Canada now owns 1,165,402 shares of the company’s stock worth $9,870,000 after buying an additional 115,098 shares in the last quarter.

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.