Nuveen Multi-Asset Income Fund (NYSE:NMAI) Stock Price Down 1.1% – Should You Sell?

Shares of Nuveen Multi-Asset Income Fund (NYSE:NMAI) traded down 1.1% during mid-day trading on Wednesday . The company traded as low as $14.01 and last traded at $14.01. Approximately 105,199 shares traded hands during mid-day trading, a decline of 13% from the average daily volume of 120,731 shares. The stock had previously closed at $14.17.

Nuveen Multi-Asset Income Fund Trading Down 0.2%

The firm has a fifty day moving average of $13.88 and a 200 day moving average of $13.42.

Nuveen Multi-Asset Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th will be given a $0.116 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) annualized dividend and a yield of 10.0%.

Institutional Inflows and Outflows

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

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.