Nuveen Real Asset Income and Growth Fund (NYSE:JRI) Trading 1% Higher – Still a Buy?

Shares of Nuveen Real Asset Income and Growth Fund (NYSE:JRI) were up 1% during trading on Tuesday . The stock traded as high as $12.52 and last traded at $12.4950. 99,401 shares traded hands during trading, a decline of 46% from the average daily volume of 183,456 shares. The stock had previously closed at $12.37.

Nuveen Real Asset Income and Growth Fund Stock Up 1.0%

The business’s fifty day moving average price is $12.80 and its two-hundred day moving average price is $12.80.

Nuveen Real Asset Income and Growth Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be given a $0.1335 dividend. The ex-dividend date is Friday, August 14th. This represents a c) annualized dividend and a yield of 12.8%.

Institutional Investors Weigh In On Nuveen Real Asset Income and Growth Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JRI. IMC Chicago LLC bought a new position in shares of Nuveen Real Asset Income and Growth Fund during the 2nd quarter valued at approximately $213,000. Northwestern Mutual Wealth Management Co. raised its holdings in Nuveen Real Asset Income and Growth Fund by 140.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,203 shares of the company’s stock valued at $54,000 after buying an additional 2,454 shares during the period. CoreCap Advisors LLC lifted its position in Nuveen Real Asset Income and Growth Fund by 319.6% in the second quarter. CoreCap Advisors LLC now owns 69,156 shares of the company’s stock worth $896,000 after buying an additional 52,675 shares during the last quarter. Bank of America Corp DE lifted its position in Nuveen Real Asset Income and Growth Fund by 182.1% in the first quarter. Bank of America Corp DE now owns 87,224 shares of the company’s stock worth $1,073,000 after buying an additional 56,309 shares during the last quarter. Finally, Readystate Asset Management LP purchased a new position in Nuveen Real Asset Income and Growth Fund during the first quarter worth $354,000.

Nuveen Real Asset Income and Growth Fund Company Profile

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.