FMP
Nuveen Floating Rate Income Opportunity Fund
JRO
NYSE
Inactive Equity
Nuveen Floating Rate Income Opportunity Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Symphony Asset Management LLC. It invests in fixed income markets of the United States. The fund invests in adjustable rate loans, primarily in senior loans. It benchmarks the performance of its portfolio against the Barclays U.S. Aggregate Bond Index and CSFB Leveraged Loan Index. Nuveen Floating Rate Income Opportunity Fund was formed on April 27, 2004 and is domiciled in the United States.
7.88 USD
0.08 (1.02%)
Historical Prices
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About
ceo
Mr. Gunther Maurice Stein
sector
Financial Services
industry
Asset Management - Income
exchange
NYSE
Description
Nuveen Floating Rate Income Opportunity Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Symphony Asset Management LLC. It invests in fixed income markets of the United States. The fund invests in adjustable rate loans, primarily in senior loans. It benchmarks the performance of its portfolio against the Barclays U.S. Aggregate Bond Index and CSFB Leveraged Loan Index. Nuveen Floating Rate Income Opportunity Fund was formed on April 27, 2004 and is domiciled in the United States.
CIK
0001289213
ISIN
US6706EN1001
CUSIP
6706EN100
Address
333 West Wacker Drive
Phone
312 917 7700
Country
US
Employee
N/A
IPO Date
Jan 1, 2009
Financial Statement
Earnings
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JRO Financial Summary
CIK
0001289213
Exchange
NYSE
Industry
Asset Management - I...
Sector
Financial Services
CUSIP
6706EN100
ISIN
US6706EN1001
Country
US
Price
7.88
Beta
0.61
Volume Avg.
0
Market Cap
319.46M
Shares
-
52-Week
7.45-8.65
DCF
0
ROE
-
ROA
-
Operating Margin
-
Debt/Equity
-
P/E
-26.27
P/B
-
Website
https://www.nuveen.com/CEF/Product/Overview.aspx?f...
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Market Information
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Latest JRO News
Seeking Alpha
Jul 22, 2023
CEF Weekly Review: (Some) CEF Net Income Turns Negative
We review CEF market valuation and performance through the second week of July and highlight recent market action. CEFs had a good week overall as NAVs gained, however, discounts remain sluggish. The net income profile of some CEFs has turned negative, owing to a high cost of leverage.
Seeking Alpha
Jul 11, 2023
Nuveen Senior Loan CEFs To Merge
Nuveen announced the merger of its senior loan funds: NSL, JRO, JSD and JFR. The merger is slated to close July 31, 2023. Currently, arbitrage opportunities are slim.
Seeking Alpha
Jun 28, 2023
JRO: Potential Merger Arbitrage Opportunities
Nuveen is set to merge four of its floating rate loan funds: Nuveen Senior Income Fund, Nuveen Floating Rate Income Opportunity Fund, Nuveen Short Duration Credit Opportunities Fund, and Nuveen Floating Rate Income Fund. This consolidation is seen as beneficial for both Nuveen and shareholders, as it will allow the fund manager to have a unique offering in the leveraged loan space and could result in tighter discounts to NAV. The article discusses potential merger arbitrage opportunities, and pr...
Seeking Alpha
Jun 16, 2023
The 'High-High-Low' Closed-End Fund Report, May 2023
Only funds with yields over 8%, coverage higher than 90%, and trading at a discount are considered. Top lists of discount, yield, DxY, and DxYxZ are given. The top DxY funds are HFRO, JSD, and JRO.
Seeking Alpha
Mar 13, 2023
JRO: Not Too Late To Take Advantage Of Rising Rates
As the Fed looks to continue to raise interest rates in 2023, floating rate funds like JRO stand to benefit and offer well-covered high yield income. At a discount to NAV of more than -10% and a monthly distribution of $0.074 yielding 11%, JRO is a Buy.
Seeking Alpha
Dec 5, 2022
JRO: Floating Rate Loan Fund Offers Income Opportunity
JRO offers income investors a level monthly distribution that yields 10.5% annually based on the recently raised distribution of $0.074. The JRO fund trades at a discount to NAV and benefits from rising interest rates due to its senior secured loans that are mostly floating rate.
Seeking Alpha
Mar 31, 2022
FLOT: This Floating-Rate ETF Has Limited Appeal
FLOT: This Floating-Rate ETF Has Limited Appeal
Seeking Alpha
Oct 27, 2021
Closed-End Funds: Senior Loan Funds Q4 2021 Update
As we enter the fourth quarter of 2021, we are inching closer to the eventual rate hikes from the Fed. We've been continuing to monitor the senior loan fund space to find some opportunities worth exploring.
