Nuveen Floating Rate Income Opportnty Fd (JRO) Stake Lowered by D.A. Davidson & CO.

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D.A. Davidson & CO. decreased its stake in shares of Nuveen Floating Rate Income Opportnty Fd (NYSE:JRO) by 41.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,300 shares of the financial services provider’s stock after selling 8,000 shares during the quarter. D.A. Davidson & CO.’s holdings in Nuveen Floating Rate Income Opportnty Fd were worth $102,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Integrated Wealth Concepts LLC grew its position in shares of Nuveen Floating Rate Income Opportnty Fd by 26.0% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 25,787 shares of the financial services provider’s stock worth $267,000 after buying an additional 5,326 shares during the period. LPL Financial LLC grew its position in shares of Nuveen Floating Rate Income Opportnty Fd by 6.1% during the 3rd quarter. LPL Financial LLC now owns 148,186 shares of the financial services provider’s stock worth $1,528,000 after buying an additional 8,524 shares during the period. Koshinski Asset Management Inc. acquired a new stake in shares of Nuveen Floating Rate Income Opportnty Fd during the 3rd quarter worth approximately $105,000. Aviance Capital Partners LLC grew its position in shares of Nuveen Floating Rate Income Opportnty Fd by 14.3% during the 3rd quarter. Aviance Capital Partners LLC now owns 109,677 shares of the financial services provider’s stock worth $1,131,000 after buying an additional 13,712 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in shares of Nuveen Floating Rate Income Opportnty Fd by 1,342.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 20,903 shares of the financial services provider’s stock worth $216,000 after buying an additional 19,454 shares during the period.

Shares of JRO stock opened at $9.84 on Thursday. Nuveen Floating Rate Income Opportnty Fd has a 52 week low of $8.69 and a 52 week high of $11.30.

The business also recently disclosed a monthly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 15th will be given a dividend of $0.063 per share. This is an increase from Nuveen Floating Rate Income Opportnty Fd’s previous monthly dividend of $0.06. The ex-dividend date of this dividend is Thursday, February 14th. This represents a $0.76 annualized dividend and a dividend yield of 7.68%.

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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.

Further Reading: Investing in Growth Stocks

Want to see what other hedge funds are holding JRO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nuveen Floating Rate Income Opportnty Fd (NYSE:JRO).

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

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