Nuveen Real Asset Income and Growth Fund (NYSE:JRI) Shares Down 0.6% – Should You Sell?

Nuveen Real Asset Income and Growth Fund (NYSE:JRI)’s share price traded down 0.6% during mid-day trading on Monday . The company traded as low as $11.67 and last traded at $11.6960. 369,149 shares changed hands during trading, an increase of 38% from the average session volume of 267,088 shares. The stock had previously closed at $11.77.

Nuveen Real Asset Income and Growth Fund Price Performance

The stock’s 50-day moving average price is $12.98 and its 200 day moving average price is $13.50.

Nuveen Real Asset Income and Growth Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 2nd will be paid a $0.1335 dividend. The ex-dividend date is Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 13.2%.

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

Hedge funds have recently bought and sold shares of the company. DAVENPORT & Co LLC increased its position in Nuveen Real Asset Income and Growth Fund by 2.2% in the 4th quarter. DAVENPORT & Co LLC now owns 35,099 shares of the company’s stock worth $478,000 after buying an additional 757 shares during the period. Prevail Innovative Wealth Advisors LLC boosted its position in shares of Nuveen Real Asset Income and Growth Fund by 15.6% in the third quarter. Prevail Innovative Wealth Advisors LLC now owns 152,725 shares of the company’s stock valued at $2,176,000 after acquiring an additional 20,589 shares during the period. Alteri Wealth LLC boosted its position in shares of Nuveen Real Asset Income and Growth Fund by 30.0% in the third quarter. Alteri Wealth LLC now owns 13,362 shares of the company’s stock valued at $190,000 after acquiring an additional 3,085 shares during the period. Adapt Wealth Advisors LLC acquired a new stake in shares of Nuveen Real Asset Income and Growth Fund in the third quarter worth $571,000. Finally, Oppenheimer & Co. Inc. increased its position in Nuveen Real Asset Income and Growth Fund by 202.6% during the third quarter. Oppenheimer & Co. Inc. now owns 35,251 shares of the company’s stock worth $502,000 after acquiring an additional 23,603 shares during the period.

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.