Nuveen Real Asset Income and Growth Fund (NYSE:JRI) Stock Price Up 0.2% Following Dividend Announcement

Nuveen Real Asset Income and Growth Fund (NYSE:JRI) shares rose 0.2% during trading on Tuesday following a dividend announcement from the company. The company traded as high as $13.00 and last traded at $12.98. Approximately 74,125 shares changed hands during trading, a decline of 46% from the average daily volume of 138,487 shares. The stock had previously closed at $12.95.

The newly announced dividend which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be paid a dividend of $0.1335 per share. The ex-dividend date is Friday, June 13th. This represents a $1.60 dividend on an annualized basis and a yield of 12.35%.

Nuveen Real Asset Income and Growth Fund Stock Performance

The business’s 50 day simple moving average is $12.59 and its two-hundred day simple moving average is $12.70.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of JRI. Raymond James Financial Inc. purchased a new position in shares of Nuveen Real Asset Income and Growth Fund during the 4th quarter worth $3,013,000. Wells Fargo & Company MN boosted its stake in shares of Nuveen Real Asset Income and Growth Fund by 27.2% during the 4th quarter. Wells Fargo & Company MN now owns 331,783 shares of the company’s stock worth $4,025,000 after acquiring an additional 70,873 shares during the last quarter. Chicago Partners Investment Group LLC boosted its stake in shares of Nuveen Real Asset Income and Growth Fund by 148.4% during the 1st quarter. Chicago Partners Investment Group LLC now owns 98,728 shares of the company’s stock worth $1,286,000 after acquiring an additional 58,988 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Nuveen Real Asset Income and Growth Fund by 241.3% during the 1st quarter. Royal Bank of Canada now owns 64,277 shares of the company’s stock worth $832,000 after acquiring an additional 45,443 shares during the last quarter. Finally, Prevail Innovative Wealth Advisors LLC boosted its stake in shares of Nuveen Real Asset Income and Growth Fund by 59.7% during the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 100,839 shares of the company’s stock worth $1,223,000 after acquiring an additional 37,697 shares during the last quarter.

About Nuveen Real Asset Income and Growth Fund

Nuveen Real Asset Income and Growth Fund is an closed ended balanced mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the public equity markets across the globe. The fund also makes its investments in depository receipts.