Nuveen Real Asset Income and Growth Fund (NYSE:JRI) Stock Price Up 1% – Time to Buy?

Nuveen Real Asset Income and Growth Fund (NYSE:JRI) shares rose 1% during mid-day trading on Tuesday . The company traded as high as $12.52 and last traded at $12.4950. Approximately 99,401 shares changed 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 Performance

The stock’s 50-day moving average price is $12.80 and its 200 day moving average price is $12.80.

Nuveen Real Asset Income and Growth Fund Announces Dividend

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

Hedge Funds Weigh In On Nuveen Real Asset Income and Growth Fund

Institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada increased its position in Nuveen Real Asset Income and Growth Fund by 241.3% during the 1st quarter. Royal Bank of Canada now owns 64,277 shares of the company’s stock valued at $832,000 after buying an additional 45,443 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Nuveen Real Asset Income and Growth Fund by 0.8% during the second quarter. First Trust Advisors LP now owns 118,098 shares of the company’s stock worth $1,594,000 after acquiring an additional 923 shares during the last quarter. Baird Financial Group Inc. purchased a new stake in shares of Nuveen Real Asset Income and Growth Fund during the second quarter worth about $221,000. Prevail Innovative Wealth Advisors LLC increased its holdings in shares of Nuveen Real Asset Income and Growth Fund by 10.4% during the second quarter. Prevail Innovative Wealth Advisors LLC now owns 132,136 shares of the company’s stock valued at $1,784,000 after acquiring an additional 12,453 shares in the last quarter. Finally, US Bancorp DE purchased a new position in shares of Nuveen Real Asset Income and Growth Fund in the 3rd quarter valued at approximately $109,000.

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.