Nuveen Real Asset Income and Growth Fund (NYSE:JRI – Get Free Report) shares crossed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $11.28 and traded as high as $11.38. Nuveen Real Asset Income and Growth Fund shares last traded at $11.3650, with a volume of 145,226 shares trading hands.
Nuveen Real Asset Income and Growth Fund Stock Up 0.9%
The business has a fifty day simple moving average of $11.28 and a 200-day simple moving average of $12.46.
Nuveen Real Asset Income and Growth Fund Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be paid a dividend of $0.1335 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 14.1%.
Institutional Investors Weigh In On Nuveen Real Asset Income and Growth Fund
Several institutional investors and hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of Nuveen Real Asset Income and Growth Fund by 140.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,203 shares of the company’s stock worth $54,000 after purchasing an additional 2,454 shares during the last quarter. Parallel Advisors LLC purchased a new stake in Nuveen Real Asset Income and Growth Fund during the third quarter valued at approximately $53,000. Sanctuary Advisors LLC bought a new position in Nuveen Real Asset Income and Growth Fund in the 1st quarter worth $128,000. Decision Investments Inc. bought a new position in shares of Nuveen Real Asset Income and Growth Fund in the third quarter worth about $115,000. Finally, Calamos Advisors LLC bought a new stake in Nuveen Real Asset Income and Growth Fund during the 1st quarter worth approximately $149,000.
About Nuveen Real Asset Income and Growth Fund
Nuveen Real Asset Income and Growth Fund (NYSE: JRI) is a closed-end management investment company designed to provide investors with high current income and the opportunity for capital appreciation. The fund is managed by Nuveen Asset Management, an investment management firm and subsidiary of TIAA.
JRI invests primarily in securities issued by companies involved in real asset industries, including infrastructure, real estate, utilities, energy and related sectors. Its portfolio may include common stocks, preferred securities, income-producing debt instruments and investments in real estate investment trusts and infrastructure companies.
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