Nuveen Multi-Asset Income Fund (NYSE:NMAI) Stock Price Up 0.2% – Should You Buy?

Nuveen Multi-Asset Income Fund (NYSE:NMAI) shares rose 0.2% on Wednesday . The company traded as high as $12.99 and last traded at $12.96. Approximately 39,866 shares changed hands during trading, a decline of 64% from the average daily volume of 110,654 shares. The stock had previously closed at $12.94.

Nuveen Multi-Asset Income Fund Stock Up 0.2%

The stock has a 50 day simple moving average of $13.04 and a 200-day simple moving average of $12.81.

Nuveen Multi-Asset Income Fund Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a dividend of $0.116 per share. This represents a c) dividend on an annualized basis and a yield of 10.7%. The ex-dividend date of this dividend is Monday, December 15th.

Institutional Trading of Nuveen Multi-Asset Income Fund

Large investors have recently added to or reduced their stakes in the company. Pathstone Holdings LLC raised its position in shares of Nuveen Multi-Asset Income Fund by 60.6% during the 3rd quarter. Pathstone Holdings LLC now owns 1,259,213 shares of the company’s stock valued at $16,345,000 after buying an additional 475,298 shares in the last quarter. Bank of America Corp DE boosted its stake in Nuveen Multi-Asset Income Fund by 14.3% during the third quarter. Bank of America Corp DE now owns 58,182 shares of the company’s stock worth $755,000 after buying an additional 7,284 shares during the period. Integrated Wealth Concepts LLC boosted its stake in Nuveen Multi-Asset Income Fund by 16.0% during the third quarter. Integrated Wealth Concepts LLC now owns 22,181 shares of the company’s stock worth $288,000 after buying an additional 3,061 shares during the period. Millennium Management LLC increased its position in Nuveen Multi-Asset Income Fund by 14.0% during the third quarter. Millennium Management LLC now owns 24,409 shares of the company’s stock valued at $317,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new stake in shares of Nuveen Multi-Asset Income Fund in the third quarter valued at $40,000.

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.