Cigna earnings beat by $0.04, revenue topped estimates
Scott Caraher, a portfolio manager at Nuveen Floating Rate Income Fund (NYSE:JFR), recently acquired 5,000 shares of the fund's common stock. The purchase, completed on April 9, 2025, was made at an average price of $7.9485 per share, totaling approximately $39,742. According to InvestingPro data, the fund currently trades at $7.97, with an impressive dividend yield of 12.8% and has maintained dividend payments for 22 consecutive years. Following the transaction, Caraher holds 45,440 shares directly. This acquisition reflects Caraher's continued investment in the fund, which focuses on providing income through floating rate loans. The fund's RSI currently indicates oversold territory, while maintaining strong fundamentals with a gross profit margin of 100% and a P/E ratio of 7.67. InvestingPro subscribers have access to additional financial health metrics and investment insights that could help evaluate this fund's potential.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.