Nuveen Floating Rate Income Opportnty Fd (JRO) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. cut its position in shares of Nuveen Floating Rate Income Opportnty Fd (NYSE:JRO) by 43.9% in the second quarter, HoldingsChannel reports. The firm owned 10,483 shares of the financial services provider’s stock after selling 8,195 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Nuveen Floating Rate Income Opportnty Fd were worth $109,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JRO. Wells Fargo & Company MN raised its position in Nuveen Floating Rate Income Opportnty Fd by 28.3% during the 1st quarter. Wells Fargo & Company MN now owns 117,203 shares of the financial services provider’s stock valued at $1,279,000 after purchasing an additional 25,875 shares in the last quarter. Stifel Financial Corp bought a new stake in Nuveen Floating Rate Income Opportnty Fd during the 1st quarter valued at $241,000. LPL Financial LLC raised its position in Nuveen Floating Rate Income Opportnty Fd by 40.0% during the 1st quarter. LPL Financial LLC now owns 67,991 shares of the financial services provider’s stock valued at $742,000 after purchasing an additional 19,435 shares in the last quarter. Kovack Advisors Inc. raised its position in Nuveen Floating Rate Income Opportnty Fd by 14.8% during the 1st quarter. Kovack Advisors Inc. now owns 149,878 shares of the financial services provider’s stock valued at $1,637,000 after purchasing an additional 19,278 shares in the last quarter. Finally, Guggenheim Capital LLC raised its position in Nuveen Floating Rate Income Opportnty Fd by 8.8% during the 1st quarter. Guggenheim Capital LLC now owns 655,399 shares of the financial services provider’s stock valued at $7,157,000 after purchasing an additional 53,214 shares in the last quarter.

Shares of NYSE JRO opened at $10.16 on Wednesday. Nuveen Floating Rate Income Opportnty Fd has a twelve month low of $10.07 and a twelve month high of $11.87.

The company also recently announced a monthly dividend, which will be paid on Monday, October 1st. Shareholders of record on Friday, September 14th will be given a dividend of $0.0605 per share. The ex-dividend date of this dividend is Thursday, September 13th. This is a positive change from Nuveen Floating Rate Income Opportnty Fd’s previous monthly dividend of $0.06. This represents a $0.73 dividend on an annualized basis and a yield of 7.15%.

In other news, insider Scott C. Caraher bought 6,000 shares of the firm’s stock in a transaction on Tuesday, July 17th. The stock was acquired at an average cost of $10.21 per share, with a total value of $61,260.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

About Nuveen Floating Rate Income Opportnty Fd

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.

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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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