Nuveen Multi-Asset Income Fund (NYSE:NMAI) Shares Break Above 200-Day Moving Average – What’s Next?

Shares of Nuveen Multi-Asset Income Fund (NYSE:NMAI) passed 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 changing hands.

Nuveen Multi-Asset Income Fund Stock Performance

The company has a 50 day simple moving average of $14.01 and a 200 day simple moving average of $13.74.

Nuveen Multi-Asset Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be paid a dividend of $0.1160 per share. This represents a $1.39 annualized dividend and a dividend yield of 10.2%. The ex-dividend date is Thursday, October 15th.

Institutional Trading of Nuveen Multi-Asset Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC lifted its holdings in shares of Nuveen Multi-Asset Income Fund by 900.6% in the 3rd quarter. International Assets Investment Management LLC now owns 250,000 shares of the company’s stock valued at $3,612,000 after buying an additional 225,016 shares during the period. Royal Bank of Canada grew its holdings in 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 worth $2,978,000 after acquiring an additional 45,075 shares during the period. D.A. Davidson & CO. grew its holdings in Nuveen Multi-Asset Income Fund by 2.8% during the third quarter. D.A. Davidson & CO. now owns 148,785 shares of the company’s stock worth $2,150,000 after acquiring an additional 4,048 shares during the period. Cetera Investment Advisers grew its holdings in Nuveen Multi-Asset Income Fund by 42.7% during the first quarter. Cetera Investment Advisers now owns 138,811 shares of the company’s stock worth $1,721,000 after acquiring an additional 41,566 shares during the period. Finally, First Trust Advisors LP raised its position in Nuveen Multi-Asset Income Fund by 5.3% in the first quarter. First Trust Advisors LP now owns 112,821 shares of the company’s stock worth $1,399,000 after acquiring an additional 5,708 shares in the last quarter.

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.