Nuveen Multi-Asset Income Fund (NYSE:NMAI) Stock Price Down 1.1% – Here’s What Happened

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

Nuveen Multi-Asset Income Fund Trading Down 1.1%

The company has a fifty day moving average price of $13.88 and a two-hundred day moving average price of $13.42.

Nuveen Multi-Asset Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th were issued a $0.116 dividend. This represents a c) annualized dividend and a yield of 9.9%. The ex-dividend date was Monday, June 15th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Kestra Private Wealth Services LLC purchased a new stake in shares of Nuveen Multi-Asset Income Fund in the first quarter valued at about $169,000. PMG Family Office LLC raised its stake in Nuveen Multi-Asset Income Fund by 3.9% during the first 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 period. NWF Advisory Services Inc. boosted its holdings in Nuveen Multi-Asset Income Fund by 1.9% in the 4th quarter. NWF Advisory Services Inc. now owns 40,361 shares of the company’s stock valued at $526,000 after purchasing an additional 750 shares during the last quarter. Fortitude Advisory Group L.L.C. boosted its holdings in Nuveen Multi-Asset Income Fund by 10.9% in the 4th quarter. Fortitude Advisory Group L.L.C. now owns 22,618 shares of the company’s stock valued at $295,000 after purchasing an additional 2,223 shares during the last quarter. Finally, Closed End Fund Advisors Inc. purchased a new stake in shares of Nuveen Multi-Asset Income Fund in the 4th quarter valued at approximately $741,000.

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.