Nuveen Multi-Asset Income Fund (NYSE:NMAI) Trading Down 1.7% – Here’s Why

Shares of Nuveen Multi-Asset Income Fund (NYSE:NMAI) fell 1.7% during mid-day trading on Thursday . The company traded as low as $13.69 and last traded at $13.69. 26,901 shares changed hands during trading, a decline of 77% from the average daily volume of 117,929 shares. The stock had previously closed at $13.93.

Nuveen Multi-Asset Income Fund Stock Up 0.2%

The business’s fifty day moving average is $13.90 and its two-hundred day moving average is $13.53.

Nuveen Multi-Asset Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th will be given a dividend of $0.116 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 10.1%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. D.A. Davidson & CO. boosted its stake in Nuveen Multi-Asset Income Fund by 0.6% during the first quarter. D.A. Davidson & CO. now owns 131,230 shares of the company’s stock worth $1,627,000 after acquiring an additional 730 shares in the last quarter. NWF Advisory Services Inc. increased its stake in Nuveen Multi-Asset Income Fund by 1.9% in the fourth quarter. NWF Advisory Services Inc. now owns 40,361 shares of the company’s stock valued at $526,000 after purchasing an additional 750 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Nuveen Multi-Asset Income Fund by 7.5% during the fourth quarter. Invesco Ltd. now owns 14,436 shares of the company’s stock valued at $188,000 after purchasing an additional 1,013 shares during the period. PMG Family Office LLC boosted its position in shares of Nuveen Multi-Asset Income Fund by 3.9% during the 1st quarter. PMG Family Office LLC now owns 45,926 shares of the company’s stock worth $575,000 after purchasing an additional 1,705 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in shares of Nuveen Multi-Asset Income Fund by 7.7% in the 2nd quarter. NewEdge Advisors LLC now owns 29,779 shares of the company’s stock valued at $376,000 after buying an additional 2,129 shares during the period.

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.