Restructuring Capital Associates Lp Lowers stake in Nuveen Floating Rate Income Fund (JFR)

Nuveen Floating Rate Income Fund (JFR) : Restructuring Capital Associates Lp reduced its stake in Nuveen Floating Rate Income Fund by 3.39% during the most recent quarter end. The investment management company now holds a total of 2,112,105 shares of Nuveen Floating Rate Income Fund which is valued at $21.8 Million after selling 74,048 shares in Nuveen Floating Rate Income Fund , the firm said in a disclosure report filed with the SEC on May 11, 2016.Nuveen Floating Rate Income Fund makes up approximately 24.87% of Restructuring Capital Associates Lp’s portfolio.

Other Hedge Funds, Including , Limestone Value Partners boosted its stake in JFR in the latest quarter, The investment management firm added 2,723 additional shares and 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 approx 2.29% of Limestone Value Partners’s portfolio.Penserra Capital Management reduced its stake in JFR by selling 55 shares or 8.57% in the most recent quarter. The Hedge Fund company now holds 587 shares of JFR which is valued at $6,064. Blackrock Advisors sold out all of its stake in JFR during the most recent quarter. The investment firm sold 100,710 shares of JFR which is valued $1 Million.Oppenheimer Co Inc boosted its stake in JFR in the latest quarter, The investment management firm added 1,542 additional shares and now holds a total of 24,780 shares of Nuveen Floating Rate Income Fund which is valued at $255,730. Nuveen Floating Rate Income Fund makes up approx 0.01% of Oppenheimer Co Inc’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.

Leave a Reply

Nuveen Floating Rate Income Fund - Is it time to Sell?

Top Brokerage Firms are advising their investors on Nuveen Floating Rate Income Fund. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.