Nuveen Floating Rate Income Fund (NYSE:JFR) Stock Price Crosses Below Fifty Day Moving Average of $8.02

Nuveen Floating Rate Income Fund (NYSE:JFR) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $8.02 and traded as low as $7.99. Nuveen Floating Rate Income Fund shares last traded at $8.08, with a volume of 612,117 shares.

Nuveen Floating Rate Income Fund Trading Up 0.6 %

The business has a 50-day moving average price of $8.02 and a 200 day moving average price of $7.98.

Nuveen Floating Rate Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be paid a dividend of $0.085 per share. This represents a $1.02 dividend on an annualized basis and a yield of 12.63%. The ex-dividend date is Tuesday, November 14th.

Insiders Place Their Bets

In other news, Portfolio Manager Scott C. Caraher sold 29,503 shares of the company’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $7.90, for a total transaction of $233,073.70. Following the sale, the portfolio manager now directly owns 47,056 shares in the company, valued at approximately $371,742.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Portfolio Manager Scott C. Caraher sold 29,503 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $7.90, for a total transaction of $233,073.70. Following the transaction, the portfolio manager now owns 47,056 shares of the company’s stock, valued at approximately $371,742.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Portfolio Manager Scott C. Caraher sold 25,000 shares of the stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $8.13, for a total value of $203,250.00. Following the sale, the portfolio manager now owns 89,559 shares in the company, valued at approximately $728,114.67. The disclosure for this sale can be found here. Insiders sold 55,909 shares of company stock valued at $447,108 in the last three months.

Hedge Funds Weigh In On Nuveen Floating Rate Income Fund

Large investors have recently made changes to their positions in the company. IFP Advisors Inc purchased a new stake in Nuveen Floating Rate Income Fund in the 1st quarter worth about $27,000. NBC Securities Inc. purchased a new stake in shares of Nuveen Floating Rate Income Fund in the third quarter worth approximately $29,000. CarsonAllaria Wealth Management Ltd. bought a new stake in shares of Nuveen Floating Rate Income Fund during the 2nd quarter worth approximately $34,000. GPS Wealth Strategies Group LLC purchased a new position in Nuveen Floating Rate Income Fund during the 3rd quarter valued at $36,000. Finally, Zazove Associates LLC bought a new position in Nuveen Floating Rate Income Fund in the 3rd quarter valued at $36,000.

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.