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Scott C. Caraher, a portfolio manager at Nuveen Floating Rate Income Fund (NYSE:JFR), recently acquired 15,000 shares of the company’s common stock. The purchase, executed on March 21, 2025, was made at a price of $8.40 per share, amounting to a total transaction value of $126,000. The $1.13 billion fund currently trades near its 52-week low of $8.28, while offering an attractive 12.11% dividend yield that has been maintained for 22 consecutive years. Following this acquisition, Caraher holds a total of 40,440 shares in the fund. This transaction reflects Caraher’s increased stake in the fund, aligning with his role in managing the portfolio’s assets. With a P/E ratio of 7.18 and relatively low volatility (beta: 0.54), the fund shows interesting metrics. InvestingPro subscribers have access to 8 additional key insights about JFR’s investment potential.
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