Nuveen Multi-Asset Income Fund (NYSE:NMAI) Stock Price Down 1.9% – What’s Next?

Nuveen Multi-Asset Income Fund (NYSE:NMAI) fell 1.9% during mid-day trading on Friday. The company traded as low as $13.02 and last traded at $13.1130. Approximately 90,933 shares were traded during mid-day trading, a decline of 18% from the average session volume of 111,190 shares. The stock had previously closed at $13.37.

Nuveen Multi-Asset Income Fund Trading Down 1.9%

The firm has a 50-day moving average of $14.09 and a two-hundred day moving average of $13.96.

Nuveen Multi-Asset Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be paid a dividend of $0.1160 per share. The ex-dividend date is Thursday, October 15th. This represents a $1.39 annualized dividend and a yield of 10.6%.

Institutional Investors Weigh In On Nuveen Multi-Asset Income Fund

Several hedge funds have recently made changes to their positions in NMAI. First Bank & Trust bought a new stake in shares of Nuveen Multi-Asset Income Fund during the third quarter valued at approximately $219,000. Allworth Financial LP increased its stake in shares of Nuveen Multi-Asset Income Fund by 329.1% in the 2nd quarter. Allworth Financial LP now owns 4,510 shares of the company’s stock valued at $64,000 after acquiring an additional 3,459 shares during the last quarter. Readystate Asset Management LP acquired a new stake in Nuveen Multi-Asset Income Fund in the second quarter worth $241,000. Fortitude Advisory Group L.L.C. lifted its holdings in Nuveen Multi-Asset Income Fund by 13.4% during the second quarter. Fortitude Advisory Group L.L.C. now owns 25,658 shares of the company’s stock worth $364,000 after acquiring an additional 3,040 shares in the last quarter. Finally, NWF Advisory Services Inc. boosted its holdings in shares of Nuveen Multi-Asset Income Fund by 4.2% in the second quarter. NWF Advisory Services Inc. now owns 45,411 shares of the company’s stock valued at $643,000 after buying an additional 1,850 shares during the period.

Nuveen Multi-Asset Income Fund (NYSE:NMAI) is a closed-end investment fund managed by Nuveen. The fund seeks to provide investors with a high level of current income and total return by investing across multiple asset classes rather than focusing on a single type of security.

The fund may allocate its portfolio among global fixed-income securities, equity securities, preferred securities, real estate-related investments and other income-producing assets. Its flexible, multi-asset approach is designed to give the investment team the ability to adjust exposures as market conditions, interest rates and economic trends change.

NMAI is advised by Nuveen Fund Advisors and benefits from the broader investment resources of Nuveen, an asset-management firm serving institutional and individual investors.