Nuveen Real Asset Income and Growth Fund (NYSE:JRI) Trading Up 1% – Here’s Why

Shares of Nuveen Real Asset Income and Growth Fund (NYSE:JRI) rose 1% during trading on Tuesday . The company traded as high as $12.52 and last traded at $12.4950. Approximately 99,401 shares changed hands during trading, a decline of 46% from the average session volume of 183,456 shares. The stock had previously closed at $12.37.

Nuveen Real Asset Income and Growth Fund Stock Down 0.5%

The firm’s fifty day simple moving average is $12.79 and its two-hundred day simple moving average is $12.79.

Nuveen Real Asset Income and Growth Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be issued a $0.1335 dividend. The ex-dividend date is Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 12.9%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in JRI. First Trust Advisors LP boosted its holdings in Nuveen Real Asset Income and Growth Fund by 0.8% in the second quarter. First Trust Advisors LP now owns 118,098 shares of the company’s stock valued at $1,594,000 after purchasing an additional 923 shares during the period. SeaCrest Wealth Management LLC grew its stake in Nuveen Real Asset Income and Growth Fund by 4.6% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 26,149 shares of the company’s stock worth $369,000 after purchasing an additional 1,141 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Nuveen Real Asset Income and Growth Fund by 4.9% during the 3rd quarter. NewEdge Advisors LLC now owns 28,219 shares of the company’s stock worth $402,000 after purchasing an additional 1,311 shares during the period. Harbour Investments Inc. increased its holdings in Nuveen Real Asset Income and Growth Fund by 1.9% during the 4th quarter. Harbour Investments Inc. now owns 72,680 shares of the company’s stock worth $989,000 after purchasing an additional 1,327 shares during the period. Finally, Private Advisor Group LLC raised its position in Nuveen Real Asset Income and Growth Fund by 1.3% in the 1st quarter. Private Advisor Group LLC now owns 139,914 shares of the company’s stock valued at $1,721,000 after purchasing an additional 1,750 shares in the last quarter.

Nuveen Real Asset Income and Growth Fund Company Profile

Nuveen Real Asset Income and Growth Fund (NYSE: JRI) is a diversified, closed-end management investment company managed by Nuveen Advisors, LLC. The fund seeks to deliver a combination of income and capital growth by investing primarily in securities tied to real assets, including real estate investment trusts, infrastructure funds, master limited partnerships and other real asset-related equities. Launched on March 1, 2007, JRI provides investors with exposure to physical assets that can serve as an inflation hedge while pursuing consistent distribution streams.

The fund employs an active, research-driven approach to portfolio management, targeting high-quality issuers whose businesses benefit from long-term demand trends in sectors such as utilities, energy infrastructure, transportation and agriculture.