Trust Asset Management Exits Position in Nuveen Floating Rate Income Opportnty Fd (JRO)

Nuveen Floating Rate Income Opportnty Fd (JRO) : Trust Asset Management has sold out all of its stake in Nuveen Floating Rate Income Opportnty Fd during the most recent quarter, according to the disclosure filed by the company on Jul 19, 2016 with the SEC. The investment management company has sold out 27,303 shares of Nuveen Floating Rate Income Opportnty Fd which is valued at $286,682.

Other Hedge Funds, Including , Telemus Capital reduced its stake in JRO by selling 60 shares or 0.21% in the most recent quarter. The Hedge Fund company now holds 29,153 shares of JRO which is valued at $306,107. Nuveen Floating Rate Income Opportnty Fd makes up approx 0.04% of Telemus Capital’s portfolio.Gradient Investments boosted its stake in JRO in the latest quarter, The investment management firm added 51,076 additional shares and now holds a total of 345,529 shares of Nuveen Floating Rate Income Opportnty Fd which is valued at $3,634,965. Nuveen Floating Rate Income Opportnty Fd makes up approx 0.39% of Gradient Investments’s portfolio.Creative Planning reduced its stake in JRO by selling 821 shares or 53.98% in the most recent quarter. The Hedge Fund company now holds 700 shares of JRO which is valued at $7,273.

Nuveen Floating Rate Income Opportunity Fund is a diversified closed-end management investment company. The Fund’s investment objective is to achieve a high level of current income. The Fund invests at least 80% of its managed assets in adjustable rate loans primarily secured senior loans. As part of the 80% requirement the Fund also may invest in unsecured senior loans and secured and unsecured subordinated loans. The Fund invests at least 65% of its managed assets in adjustable rate senior loans that are secured by specific collateral. The Fund’s portfolio consists of various sectors including media; software; pharmaceuticals; diversified telecommunication services; diversified consumer services; food products; wireless telecommunication services; real estate investment trust; technology hardware storage and peripherals; healthcare equipment and supplies; airlines and insurance. The Fund’s investment adviser is Nuveen Fund Advisors LLC.

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Nuveen Floating Rate Income Opportnty Fd - Is it time to Sell?

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