Nuveen Floating Rate Income Fund (NYSE:JFR) Stock Passes Below 50 Day Moving Average – Here’s What Happened

Nuveen Floating Rate Income Fund (NYSE:JFR)’s stock price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $8.93 and traded as low as $8.52. Nuveen Floating Rate Income Fund shares last traded at $8.56, with a volume of 903,492 shares traded.

Nuveen Floating Rate Income Fund Stock Performance

The stock has a 50 day simple moving average of $8.93 and a 200-day simple moving average of $8.86.

Nuveen Floating Rate Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be given a $0.085 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $1.02 annualized dividend and a yield of 11.92%.

Institutional Investors Weigh In On Nuveen Floating Rate Income Fund

A number of hedge funds have recently modified their holdings of the business. Calton & Associates Inc. bought a new stake in Nuveen Floating Rate Income Fund during the third quarter valued at about $298,000. Cyndeo Wealth Partners LLC lifted its position in shares of Nuveen Floating Rate Income Fund by 17.0% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 557,450 shares of the company’s stock valued at $4,917,000 after buying an additional 80,981 shares in the last quarter. Capital Investment Advisors LLC grew its stake in shares of Nuveen Floating Rate Income Fund by 0.7% during the 3rd quarter. Capital Investment Advisors LLC now owns 290,521 shares of the company’s stock valued at $2,562,000 after acquiring an additional 2,005 shares during the period. RFG Advisory LLC increased its holdings in Nuveen Floating Rate Income Fund by 0.6% in the 3rd quarter. RFG Advisory LLC now owns 382,375 shares of the company’s stock worth $3,373,000 after acquiring an additional 2,400 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in Nuveen Floating Rate Income Fund during the 3rd quarter worth approximately $65,000.

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.