Nuveen Multi-Asset Income Fund Plans Monthly Dividend of $0.12 (NYSE:NMAI)

Nuveen Multi-Asset Income Fund (NYSE:NMAI) announced a monthly dividend on Monday, August 3rd. Investors of record on Friday, August 14th will be paid a dividend of 0.116 per share on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 9.8%. The ex-dividend date is Friday, August 14th.

Nuveen Multi-Asset Income Fund Trading Up 1.6%

Shares of Nuveen Multi-Asset Income Fund stock opened at $14.21 on Tuesday. The business’s fifty day simple moving average is $13.90 and its 200 day simple moving average is $13.56. Nuveen Multi-Asset Income Fund has a 12 month low of $11.99 and a 12 month high of $14.38.

Institutional Trading of Nuveen Multi-Asset Income Fund

Several hedge funds have recently added to or reduced their stakes in the stock. Cassaday & Co Wealth Management LLC bought a new stake in shares of Nuveen Multi-Asset Income Fund in the 1st quarter worth approximately $31,000. Fifth Third Bancorp bought a new stake in shares of Nuveen Multi-Asset Income Fund in the first quarter valued at $41,000. Garton & Associates Financial Advisors LLC purchased a new position in shares of Nuveen Multi-Asset Income Fund during the 4th quarter valued at $42,000. Wells Fargo & Company MN lifted its position in shares of Nuveen Multi-Asset Income Fund by 942.2% during the 4th quarter. Wells Fargo & Company MN now owns 3,283 shares of the company’s stock valued at $43,000 after buying an additional 2,968 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new position in shares of Nuveen Multi-Asset Income Fund during the 4th quarter worth $68,000.

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.