Nuveen Multi-Asset Income Fund (NYSE:NMAI) Shares Up 1% – Time to Buy?

Nuveen Multi-Asset Income Fund (NYSE:NMAI) shares traded up 1% during trading on Tuesday . The stock traded as high as $12.96 and last traded at $12.9250. 90,325 shares changed hands during trading, a decline of 17% from the average session volume of 108,234 shares. The stock had previously closed at $12.80.

Nuveen Multi-Asset Income Fund Trading Up 1.0%

The stock has a 50-day moving average price of $13.02 and a two-hundred day moving average price of $12.72.

Nuveen Multi-Asset Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be issued a dividend of $0.126 per share. This represents a c) annualized dividend and a yield of 11.7%. The ex-dividend date is Friday, November 14th.

Institutional Investors Weigh In On Nuveen Multi-Asset Income Fund

Large investors have recently bought and sold shares of the business. Private Advisor Group LLC purchased a new stake in Nuveen Multi-Asset Income Fund during the first quarter valued at $520,000. LPL Financial LLC boosted its holdings in shares of Nuveen Multi-Asset Income Fund by 16.0% in the 1st quarter. LPL Financial LLC now owns 271,512 shares of the company’s stock worth $3,264,000 after purchasing an additional 37,460 shares during the period. Shaker Financial Services LLC lifted its position in Nuveen Multi-Asset Income Fund by 48.0% in the first quarter. Shaker Financial Services LLC now owns 286,041 shares of the company’s stock worth $3,495,000 after buying an additional 92,794 shares during the last quarter. Wolverine Asset Management LLC boosted its stake in Nuveen Multi-Asset Income Fund by 252.8% during the first quarter. Wolverine Asset Management LLC now owns 219,407 shares of the company’s stock worth $2,637,000 after buying an additional 157,212 shares during the period. Finally, Elequin Capital LP bought a new position in Nuveen Multi-Asset Income Fund during the first quarter valued at $49,000.