Limestone Value Partners buys $1.5 Million stake in Nuveen Floating Rate Income Fund (JFR)

Nuveen Floating Rate Income Fund (JFR) : Limestone Value Partners scooped up 2,723 additional shares in Nuveen Floating Rate Income Fund during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 141,181 shares of Nuveen Floating Rate Income Fund which is valued at $1.5 Million.Nuveen Floating Rate Income Fund makes up approximately 2.29% of Limestone Value Partners’s portfolio.

Other Hedge Funds, Including , Landscape Capital Management L.l.c. sold out all of its stake in JFR during the most recent quarter. The investment firm sold 13,796 shares of JFR which is valued $142,513. Ausdal Financial Partners sold out all of its stake in JFR during the most recent quarter. The investment firm sold 3 shares of JFR which is valued $31.Private Management Group Inc reduced its stake in JFR by selling 3,808 shares or 0.3% in the most recent quarter. The Hedge Fund company now holds 1,281,124 shares of JFR which is valued at $13.2 Million. Nuveen Floating Rate Income Fund makes up approx 0.88% of Private Management Group Inc’s portfolio.Tiemann Investment Advisors reduced its stake in JFR by selling 4,224 shares or 12.36% in the most recent quarter. The Hedge Fund company now holds 29,958 shares of JFR which is valued at $309,766. Nuveen Floating Rate Income Fund makes up approx 0.31% of Tiemann Investment Advisors’s portfolio.

Nuveen Floating Rate Income Fund is a diversified closed-end management investment company. The Fund’s investment objective is to achieve a high level of current income. It invests at least 80% of managed assets in adjustable rate loans primarily secured senior loans. As part of the 80% requirement it may invest in unsecured senior loans and secured and unsecured subordinated loans. It invests at least 65% of its managed assets in adjustable rate senior loans that are secured by specific collateral. It may invest a portion of its managed assets in senior loans and other debt instruments that are rated below investment grade or are unrated but judged to be of comparable quality. Its portfolio sectors include media; software; pharmaceuticals; diversified telecommunication services; diversified consumer services; food products; wireless telecommunication services; real estate investment trust; airlines and insurance among others. Its investment adviser is Nuveen Fund Advisors LLC.

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