Institutional Investors Positive on Nuveen Floating Rate Income Opportunity Fund (NYSE:JRO)

June 17, 2018 - By Vivian Park

Sentiment for Nuveen Floating Rate Income Opportunity Fund (NYSE:JRO)

Nuveen Floating Rate Income Opportunity Fund (NYSE:JRO) institutional sentiment increased to 1.61 in 2018 Q1. Its up 0.68, from 0.93 in 2017Q4. The ratio is better, as 50 institutional investors increased and started new holdings, while 31 reduced and sold positions in Nuveen Floating Rate Income Opportunity Fund. The institutional investors in our partner’s database reported: 12.57 million shares, up from 12.07 million shares in 2017Q4. Also, the number of institutional investors holding Nuveen Floating Rate Income Opportunity Fund in their top 10 holdings was flat from 1 to 1 for the same number . Sold All: 12 Reduced: 19 Increased: 31 New Position: 19.

The stock increased 0.10% or $0.01 during the last trading session, reaching $10.5. About 143,071 shares traded. Nuveen Floating Rate Income Opportunity Fund (NYSE:JRO) has declined 11.29% since June 17, 2017 and is downtrending. It has underperformed by 23.86% the S&P500.

Restructuring Capital Associates Lp holds 5.31% of its portfolio in Nuveen Floating Rate Income Opportunity Fund for 859,199 shares. Founders Financial Securities Llc owns 194,103 shares or 0.69% of their US portfolio. Moreover, Livingston Group Asset Management Co (Operating As Southport Capital Management) has 0.39% invested in the company for 80,177 shares. The California-based Tiemann Investment Advisors Llc has invested 0.34% in the stock. Gradient Investments Llc, a Minnesota-based fund reported 449,708 shares.

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