Nuveen Multi-Asset Income Fund (NYSE:NMAI – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $13.73 and traded as high as $13.87. Nuveen Multi-Asset Income Fund shares last traded at $13.81, with a volume of 137,911 shares trading hands.
Nuveen Multi-Asset Income Fund Stock Up 1.5%
The business has a fifty day simple moving average of $14.02 and a two-hundred day simple moving average of $13.73.
Nuveen Multi-Asset Income Fund Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be issued a $0.1160 dividend. This represents a $1.39 annualized dividend and a yield of 10.1%. The ex-dividend date is Thursday, October 15th.
Institutional Investors Weigh In On Nuveen Multi-Asset Income Fund
A number of large investors have recently modified their holdings of NMAI. International Assets Investment Management LLC increased its position in shares of Nuveen Multi-Asset Income Fund by 900.6% during the third quarter. International Assets Investment Management LLC now owns 250,000 shares of the company’s stock worth $3,612,000 after purchasing an additional 225,016 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Nuveen Multi-Asset Income Fund by 23.1% during the first quarter. Royal Bank of Canada now owns 240,191 shares of the company’s stock valued at $2,978,000 after acquiring an additional 45,075 shares during the last quarter. D.A. Davidson & CO. increased its stake in Nuveen Multi-Asset Income Fund by 2.8% in the third quarter. D.A. Davidson & CO. now owns 148,785 shares of the company’s stock valued at $2,150,000 after purchasing an additional 4,048 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Nuveen Multi-Asset Income Fund by 42.7% in the 1st quarter. Cetera Investment Advisers now owns 138,811 shares of the company’s stock worth $1,721,000 after buying an additional 41,566 shares during the period. Finally, First Trust Advisors LP boosted its position in Nuveen Multi-Asset Income Fund by 5.3% during the 1st quarter. First Trust Advisors LP now owns 112,821 shares of the company’s stock worth $1,399,000 after purchasing an additional 5,708 shares during the period.
Nuveen Multi-Asset Income Fund (NYSE:NMAI) is a closed-end investment fund managed by Nuveen. The fund seeks to provide investors with a high level of current income and total return by investing across multiple asset classes rather than focusing on a single type of security.
The fund may allocate its portfolio among global fixed-income securities, equity securities, preferred securities, real estate-related investments and other income-producing assets. Its flexible, multi-asset approach is designed to give the investment team the ability to adjust exposures as market conditions, interest rates and economic trends change.
NMAI is advised by Nuveen Fund Advisors and benefits from the broader investment resources of Nuveen, an asset-management firm serving institutional and individual investors.
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