Envestnet Asset Management Inc. Acquires 5,704 Shares of Nuveen Floating Rate Income Opportnty Fd (NYSE:JRO)

Envestnet Asset Management Inc. raised its holdings in Nuveen Floating Rate Income Opportnty Fd (NYSE:JRO) by 19.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,343 shares of the financial services provider’s stock after acquiring an additional 5,704 shares during the period. Envestnet Asset Management Inc.’s holdings in Nuveen Floating Rate Income Opportnty Fd were worth $337,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Mutual Advisors LLC grew its position in Nuveen Floating Rate Income Opportnty Fd by 10.0% in the second quarter. Mutual Advisors LLC now owns 15,943 shares of the financial services provider’s stock valued at $155,000 after acquiring an additional 1,451 shares during the last quarter. Park Avenue Securities LLC grew its holdings in shares of Nuveen Floating Rate Income Opportnty Fd by 13.4% during the second quarter. Park Avenue Securities LLC now owns 28,550 shares of the financial services provider’s stock worth $278,000 after purchasing an additional 3,375 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Nuveen Floating Rate Income Opportnty Fd by 2.7% during the second quarter. LPL Financial LLC now owns 132,349 shares of the financial services provider’s stock worth $1,289,000 after purchasing an additional 3,494 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Nuveen Floating Rate Income Opportnty Fd by 4.6% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 85,909 shares of the financial services provider’s stock worth $837,000 after purchasing an additional 3,748 shares during the last quarter. Finally, Sigma Planning Corp grew its holdings in shares of Nuveen Floating Rate Income Opportnty Fd by 20.5% during the second quarter. Sigma Planning Corp now owns 29,292 shares of the financial services provider’s stock worth $285,000 after purchasing an additional 4,989 shares during the last quarter.

NYSE:JRO opened at $9.52 on Friday. The stock’s 50-day moving average is $9.46 and its 200-day moving average is $9.62. Nuveen Floating Rate Income Opportnty Fd has a 1-year low of $8.69 and a 1-year high of $10.32.

The company also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a dividend yield of 7.56%. The ex-dividend date of this dividend is Thursday, November 14th.

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.

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

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