Nuveen Real Asset Income and Growth Fund (NYSE:JRI) Stock Price Down 0.6% – Time to Sell?

Shares of Nuveen Real Asset Income and Growth Fund (NYSE:JRI) were down 0.6% during mid-day trading on Monday . The stock traded as low as $11.67 and last traded at $11.6960. Approximately 369,149 shares were traded during mid-day trading, an increase of 38% from the average daily volume of 267,088 shares. The stock had previously closed at $11.77.

Nuveen Real Asset Income and Growth Fund Stock Performance

The business has a 50 day moving average of $13.06 and a 200 day moving average of $13.52.

Nuveen Real Asset Income and Growth Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 2nd will be issued a dividend of $0.1335 per share. This represents a c) annualized dividend and a dividend yield of 13.7%. The ex-dividend date of this dividend is Monday, March 2nd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Closed End Fund Advisors Inc. bought a new stake in Nuveen Real Asset Income and Growth Fund in the fourth quarter worth about $883,000. Rockefeller Capital Management L.P. bought a new position in shares of Nuveen Real Asset Income and Growth Fund during the second quarter valued at approximately $658,000. Royal Bank of Canada raised its holdings in shares of Nuveen Real Asset Income and Growth Fund by 241.3% in the first quarter. Royal Bank of Canada now owns 64,277 shares of the company’s stock worth $832,000 after buying an additional 45,443 shares during the period. Guggenheim Capital LLC raised its holdings in shares of Nuveen Real Asset Income and Growth Fund by 37.5% in the second quarter. Guggenheim Capital LLC now owns 156,265 shares of the company’s stock worth $2,110,000 after buying an additional 42,626 shares during the period. Finally, Adapt Wealth Advisors LLC bought a new stake in shares of Nuveen Real Asset Income and Growth Fund during the 3rd quarter worth approximately $571,000.

About Nuveen Real Asset Income and Growth Fund

Nuveen Real Asset Income and Growth Fund (NYSE: JRI) is a diversified, closed-end management investment company managed by Nuveen Advisors, LLC. The fund seeks to deliver a combination of income and capital growth by investing primarily in securities tied to real assets, including real estate investment trusts, infrastructure funds, master limited partnerships and other real asset-related equities. Launched on March 1, 2007, JRI provides investors with exposure to physical assets that can serve as an inflation hedge while pursuing consistent distribution streams.

The fund employs an active, research-driven approach to portfolio management, targeting high-quality issuers whose businesses benefit from long-term demand trends in sectors such as utilities, energy infrastructure, transportation and agriculture.