Nuveen Multi-Asset Income Fund (NYSE:NMAI) Trading Down 0.3% – What’s Next?

Shares of Nuveen Multi-Asset Income Fund (NYSE:NMAI) dropped 0.3% during trading on Wednesday . The company traded as low as $12.87 and last traded at $12.90. Approximately 156,505 shares were traded during mid-day trading, an increase of 45% from the average daily volume of 108,033 shares. The stock had previously closed at $12.94.

Nuveen Multi-Asset Income Fund Trading Down 0.3%

The company’s 50 day moving average price is $12.66 and its 200 day moving average price is $12.32.

Nuveen Multi-Asset Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be given a dividend of $0.126 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a c) dividend on an annualized basis and a yield of 11.7%.

Institutional Trading of Nuveen Multi-Asset Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NMAI. Allworth Financial LP lifted its holdings in shares of Nuveen Multi-Asset Income Fund by 412.7% during the second quarter. Allworth Financial LP now owns 2,512 shares of the company’s stock worth $32,000 after purchasing an additional 2,022 shares during the period. FNY Investment Advisers LLC acquired a new stake in Nuveen Multi-Asset Income Fund during the 1st quarter valued at approximately $36,000. Elequin Capital LP acquired a new stake in Nuveen Multi-Asset Income Fund during the 1st quarter valued at approximately $49,000. International Assets Investment Management LLC acquired a new stake in Nuveen Multi-Asset Income Fund during the 2nd quarter valued at approximately $135,000. Finally, Capital Market Strategies LLC acquired a new stake in Nuveen Multi-Asset Income Fund during the 2nd quarter valued at approximately $146,000.