Nuveen Real Asset Income and Growth Fund (NYSE:JRI) Shares Down 2% – Time to Sell?

Nuveen Real Asset Income and Growth Fund (NYSE:JRI) shares dropped 2% during mid-day trading on Tuesday . The stock traded as low as $13.15 and last traded at $13.17. Approximately 152,854 shares traded hands during mid-day trading, an increase of 13% from the average daily volume of 135,558 shares. The stock had previously closed at $13.44.

Nuveen Real Asset Income and Growth Fund Stock Performance

The firm has a 50-day moving average price of $13.09 and a two-hundred day moving average price of $12.76.

Nuveen Real Asset Income and Growth Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 15th will be given a dividend of $0.1335 per share. This represents a $1.60 annualized dividend and a yield of 12.16%. The ex-dividend date of this dividend is Tuesday, July 15th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN grew its holdings in Nuveen Real Asset Income and Growth Fund by 27.2% during the fourth 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 period. Raymond James Financial Inc. grew its holdings in Nuveen Real Asset Income and Growth Fund by 1.6% during the first quarter. Raymond James Financial Inc. now owns 252,363 shares of the company’s stock worth $3,266,000 after acquiring an additional 3,935 shares during the period. LPL Financial LLC grew its holdings in Nuveen Real Asset Income and Growth Fund by 1.6% during the first quarter. LPL Financial LLC now owns 161,616 shares of the company’s stock worth $2,091,000 after acquiring an additional 2,490 shares during the period. Private Advisor Group LLC grew its holdings in Nuveen Real Asset Income and Growth Fund by 5.2% during the first quarter. Private Advisor Group LLC now owns 155,075 shares of the company’s stock worth $2,007,000 after acquiring an additional 7,679 shares during the period. Finally, Prevail Innovative Wealth Advisors LLC grew its holdings in Nuveen Real Asset Income and Growth Fund by 18.7% during the first quarter. Prevail Innovative Wealth Advisors LLC now owns 119,683 shares of the company’s stock worth $1,549,000 after acquiring an additional 18,844 shares during the period.

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.