GenTrust LLC reduced its stake in shares of Nuveen Floating Rate Income Opportnty Fd (NYSE:JRO) by 47.6% during the second quarter, Holdings Channel reports. The fund owned 35,049 shares of the financial services provider’s stock after selling 31,830 shares during the period. GenTrust LLC’s holdings in Nuveen Floating Rate Income Opportnty Fd were worth $411,000 at the end of the most recent quarter.

Separately, Stratos Wealth Partners LTD. boosted its stake in shares of Nuveen Floating Rate Income Opportnty Fd by 27.3% in the second quarter. Stratos Wealth Partners LTD. now owns 82,526 shares of the financial services provider’s stock valued at $963,000 after buying an additional 17,705 shares during the last quarter.

Shares of Nuveen Floating Rate Income Opportnty Fd (NYSE:JRO) opened at 11.78 on Wednesday. The stock has a 50 day moving average price of $11.69 and a 200 day moving average price of $11.93. Nuveen Floating Rate Income Opportnty Fd has a 52 week low of $10.64 and a 52 week high of $12.93.

The business also recently disclosed a monthly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be issued a $0.0705 dividend. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.85 annualized dividend and a dividend yield of 7.18%.

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In related news, insider William J. Schneider acquired 8,600 shares of the firm’s stock in a transaction dated Friday, June 30th. The shares were purchased at an average price of $11.55 per share, for a total transaction of $99,330.00. Following the completion of the acquisition, the insider now owns 47,400 shares in the company, valued at $547,470. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, insider Scott C. Caraher sold 7,611 shares of Nuveen Floating Rate Income Opportnty Fd stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $11.67, for a total value of $88,820.37. Following the completion of the transaction, the insider now owns 39,800 shares in the company, valued at approximately $464,466. The disclosure for this sale can be found here.

Nuveen Floating Rate Income Opportnty Fd Company Profile

Nuveen Floating Rate Income Opportunity Fund is a diversified closed-end management investment company. The Fund’s investment objective is to achieve a high level of current income. The Fund invests approximately 80% of its managed assets in adjustable rate loans, primarily secured senior loans. As part of the 80% requirement, the Fund also may invest in unsecured senior loans and secured and unsecured subordinated loans.

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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