Nuveen Floating Rate Income Opportnty Fd (NYSE:JRO) Insider Scott C. Caraher Sells 7,611 Shares
Nuveen Floating Rate Income Opportnty Fd (NYSE:JRO) insider Scott C. Caraher sold 7,611 shares of the business’s stock in a transaction that occurred on Thursday, July 13th. The shares were sold at an average price of $11.67, for a total value of $88,820.37. Following the completion of the sale, the insider now owns 39,800 shares of the company’s stock, valued at $464,466. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Nuveen Floating Rate Income Opportnty Fd (NYSE JRO) traded down 0.51% during mid-day trading on Monday, hitting $11.62. The stock had a trading volume of 141,937 shares. The stock has a 50-day moving average price of $11.76 and a 200 day moving average price of $12.01. Nuveen Floating Rate Income Opportnty Fd has a 12-month low of $10.32 and a 12-month high of $12.93.
The firm also recently announced a monthly dividend, which will be paid on Tuesday, August 1st. Stockholders of record on Friday, July 14th will be paid a dividend of $0.0705 per share. This represents a $0.85 dividend on an annualized basis and a dividend yield of 7.28%. The ex-dividend date of this dividend is Wednesday, July 12th.
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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.
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