Advisory Services Network buys $252,237 stake in Nuveen Floating Rate Income Fund (JFR)

Nuveen Floating Rate Income Fund (JFR) : Advisory Services Network scooped up 1,515 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 Oct 7, 2016. The investment management firm now holds a total of 23,141 shares of Nuveen Floating Rate Income Fund which is valued at $252,237.Nuveen Floating Rate Income Fund makes up approximately 0.05% of Advisory Services Network’s portfolio.

Other Hedge Funds, Including , Telemus Capital boosted its stake in JFR in the latest quarter, The investment management firm added 7,715 additional shares and now holds a total of 34,150 shares of Nuveen Floating Rate Income Fund which is valued at $376,333. Nuveen Floating Rate Income Fund makes up approx 0.04% of Telemus Capital’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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