Nuveen Multi-Asset Income Fund (NYSE:NMAI) Trading 0.2% Higher – Here’s What Happened

Nuveen Multi-Asset Income Fund (NYSE:NMAI) shares traded up 0.2% on Wednesday . The company traded as high as $12.99 and last traded at $12.96. 39,866 shares were traded during trading, a decline of 64% from the average session volume of 110,654 shares. The stock had previously closed at $12.94.

Nuveen Multi-Asset Income Fund Price Performance

The stock’s 50 day simple moving average is $13.04 and its 200 day simple moving average is $12.81.

Nuveen Multi-Asset Income Fund Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a $0.116 dividend. This represents a c) annualized dividend and a dividend yield of 10.7%. The ex-dividend date is Monday, December 15th.

Hedge Funds Weigh In On Nuveen Multi-Asset Income Fund

Several institutional investors have recently made changes to their positions in NMAI. Integrated Wealth Concepts LLC lifted its stake in Nuveen Multi-Asset Income Fund by 16.0% in the third quarter. Integrated Wealth Concepts LLC now owns 22,181 shares of the company’s stock worth $288,000 after acquiring an additional 3,061 shares during the period. Bank of America Corp DE raised its holdings in shares of Nuveen Multi-Asset Income Fund by 14.3% in the 3rd quarter. Bank of America Corp DE now owns 58,182 shares of the company’s stock valued at $755,000 after purchasing an additional 7,284 shares in the last quarter. Pathstone Holdings LLC lifted its position in shares of Nuveen Multi-Asset Income Fund by 60.6% in the 3rd quarter. Pathstone Holdings LLC now owns 1,259,213 shares of the company’s stock worth $16,345,000 after purchasing an additional 475,298 shares during the period. SFG Wealth Management LLC. bought a new position in shares of Nuveen Multi-Asset Income Fund during the third quarter valued at approximately $378,000. Finally, UBS Group AG boosted its stake in shares of Nuveen Multi-Asset Income Fund by 9.5% during the third quarter. UBS Group AG now owns 638,514 shares of the company’s stock valued at $8,288,000 after purchasing an additional 55,340 shares in 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.