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

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

Nuveen Multi-Asset Income Fund Stock Up 0.5%

The firm’s 50-day moving average is $14.08 and its 200 day moving average is $13.69.

Nuveen Multi-Asset Income Fund Dividend Announcement

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

Institutional Trading of Nuveen Multi-Asset Income Fund

Several institutional investors and hedge funds have recently modified their holdings of the business. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Nuveen Multi-Asset Income Fund in the first quarter valued at approximately $31,000. Fifth Third Bancorp acquired a new position in shares of Nuveen Multi-Asset Income Fund during the 1st quarter worth approximately $41,000. Garton & Associates Financial Advisors LLC purchased a new stake in Nuveen Multi-Asset Income Fund in the 4th quarter valued at approximately $42,000. Wells Fargo & Company MN grew its holdings in Nuveen Multi-Asset Income Fund by 942.2% during the 4th quarter. Wells Fargo & Company MN now owns 3,283 shares of the company’s stock valued at $43,000 after buying an additional 2,968 shares during the last quarter. Finally, Allworth Financial LP acquired a new stake in Nuveen Multi-Asset Income Fund during the 2nd quarter valued at $64,000.

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.