Nuveen Multi-Asset Income Fund (NYSE:NMAI) Trading Up 0.5% – Here’s What Happened

Nuveen Multi-Asset Income Fund (NYSE:NMAI) traded up 0.5% on Tuesday . The stock traded as high as $14.38 and last traded at $14.27. Approximately 69,302 shares were traded during trading, a decline of 39% from the average session volume of 113,412 shares. The stock had previously closed at $14.20.

Nuveen Multi-Asset Income Fund Stock Up 0.5%

The business has a 50 day simple moving average of $14.08 and a 200-day simple moving average of $13.69.

Nuveen Multi-Asset Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be issued a dividend of $0.116 per share. This represents a c) annualized dividend and a dividend yield of 9.8%. The ex-dividend date is Friday, August 14th.

Institutional Investors Weigh In On Nuveen Multi-Asset Income Fund

A number of institutional investors have recently bought and sold shares of NMAI. D.A. Davidson & CO. increased its position in Nuveen Multi-Asset Income Fund by 0.6% during the first quarter. D.A. Davidson & CO. now owns 131,230 shares of the company’s stock worth $1,627,000 after purchasing an additional 730 shares during the last quarter. NWF Advisory Services Inc. boosted its holdings in shares of Nuveen Multi-Asset Income Fund by 1.9% in the 4th quarter. NWF Advisory Services Inc. now owns 40,361 shares of the company’s stock valued at $526,000 after purchasing an additional 750 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Nuveen Multi-Asset Income Fund by 7.5% in the 4th quarter. Invesco Ltd. now owns 14,436 shares of the company’s stock valued at $188,000 after purchasing an additional 1,013 shares during the last quarter. PMG Family Office LLC grew its stake in shares of Nuveen Multi-Asset Income Fund by 3.9% during the 1st quarter. PMG Family Office LLC now owns 45,926 shares of the company’s stock valued at $575,000 after buying an additional 1,705 shares during the period. Finally, NewEdge Advisors LLC grew its stake in shares of Nuveen Multi-Asset Income Fund by 7.7% during the 2nd quarter. NewEdge Advisors LLC now owns 29,779 shares of the company’s stock valued at $376,000 after buying an additional 2,129 shares during the period.

Nuveen Multi-Asset Income Fund (NYSE: NMAI) is a closed-end investment fund managed by Nuveen, a global asset manager and subsidiary of TIAA. The fund is listed on the New York Stock Exchange and seeks to provide investors with high current income and the potential for capital appreciation. Nuveen Multi-Asset Income Fund employs an actively managed, diversified approach across multiple asset classes, leveraging Nuveen’s extensive research and portfolio management infrastructure.

The fund’s investment strategy centers on allocating assets among a broad range of income-producing instruments.