Nuveen Floating Rate Income Fund (NYSE:JFR) Share Price Passes Above Fifty Day Moving Average of $8.79

Shares of Nuveen Floating Rate Income Fund (NYSE:JFR) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $8.79 and traded as high as $8.82. Nuveen Floating Rate Income Fund shares last traded at $8.81, with a volume of 263,647 shares trading hands.

Nuveen Floating Rate Income Fund Stock Up 0.3 %

The stock’s 50 day simple moving average is $8.79 and its two-hundred day simple moving average is $8.74.

Nuveen Floating Rate Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be given a dividend of $0.085 per share. The ex-dividend date is Friday, September 13th. This represents a $1.02 dividend on an annualized basis and a yield of 11.58%.

Institutional Trading of Nuveen Floating Rate Income Fund

Several large investors have recently added to or reduced their stakes in JFR. Sanctuary Advisors LLC purchased a new position in shares of Nuveen Floating Rate Income Fund during the 2nd quarter worth $1,019,000. Coastal Bridge Advisors LLC raised its stake in Nuveen Floating Rate Income Fund by 30.6% during the second quarter. Coastal Bridge Advisors LLC now owns 442,454 shares of the company’s stock worth $3,827,000 after purchasing an additional 103,719 shares during the period. Bank of Montreal Can raised its stake in Nuveen Floating Rate Income Fund by 24.6% during the second quarter. Bank of Montreal Can now owns 173,267 shares of the company’s stock worth $1,604,000 after purchasing an additional 34,235 shares during the period. Thrivent Financial for Lutherans boosted its holdings in Nuveen Floating Rate Income Fund by 11.4% in the 2nd quarter. Thrivent Financial for Lutherans now owns 146,451 shares of the company’s stock valued at $1,266,000 after purchasing an additional 15,018 shares during the last quarter. Finally, DCF Advisers LLC purchased a new stake in shares of Nuveen Floating Rate Income Fund in the 2nd quarter valued at approximately $255,000.

About Nuveen Floating Rate Income Fund

Nuveen Floating Rate Income Fund is a close ended fixed income mutual fund launched by Nuveen Investments, Inc It is co-managed by Nuveen Fund Advisors LLC and Symphony Asset Management LLC. The fund invests in fixed income markets of the United States. It primarily invests in adjustable rate secured and unsecured senior loans.