Nuveen Floating Rate Income Fund (NYSE:JFR – Get Free Report) shares 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 changing hands.
Nuveen Floating Rate Income Fund Price Performance
The stock has a 50-day moving average price of $8.79 and a 200 day moving average price of $8.74.
Nuveen Floating Rate Income Fund Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be issued a $0.085 dividend. This represents a $1.02 annualized dividend and a yield of 11.58%. The ex-dividend date of this dividend is Friday, September 13th.
Hedge Funds Weigh In On Nuveen Floating Rate Income Fund
Nuveen Floating Rate Income Fund Company Profile
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.
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