Nuveen Multi-Asset Income Fund (NYSE:NMAI – Get Free Report) was down 0.1% during trading on Tuesday . The company traded as low as $12.09 and last traded at $12.11. Approximately 111,808 shares were traded during trading, an increase of 10% from the average daily volume of 102,098 shares. The stock had previously closed at $12.12.
Nuveen Multi-Asset Income Fund Stock Performance
The firm’s 50 day moving average is $12.38 and its 200-day moving average is $12.55.
Nuveen Multi-Asset Income Fund Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.4175 per share. This represents a $1.67 dividend on an annualized basis and a dividend yield of 13.92%. The ex-dividend date is Friday, March 14th.
Insider Activity
Hedge Funds Weigh In On Nuveen Multi-Asset Income Fund
A number of hedge funds have recently made changes to their positions in NMAI. Stifel Financial Corp raised its position in shares of Nuveen Multi-Asset Income Fund by 19.0% in the 3rd quarter. Stifel Financial Corp now owns 55,404 shares of the company’s stock worth $732,000 after buying an additional 8,841 shares during the period. Sanctuary Advisors LLC increased its stake in Nuveen Multi-Asset Income Fund by 6.3% during the third quarter. Sanctuary Advisors LLC now owns 54,860 shares of the company’s stock worth $692,000 after acquiring an additional 3,267 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Nuveen Multi-Asset Income Fund in the 4th quarter worth about $364,000. Avior Wealth Management LLC lifted its stake in shares of Nuveen Multi-Asset Income Fund by 62.8% in the 4th quarter. Avior Wealth Management LLC now owns 15,287 shares of the company’s stock valued at $184,000 after purchasing an additional 5,896 shares in the last quarter. Finally, Fortitude Advisory Group L.L.C. increased its position in Nuveen Multi-Asset Income Fund by 6.7% during the 4th quarter. Fortitude Advisory Group L.L.C. now owns 18,444 shares of the company’s stock worth $222,000 after purchasing an additional 1,159 shares in the last quarter.
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