Nuveen Multi-Asset Income Fund (NMAI) To Go Ex-Dividend on May 15th

Nuveen Multi-Asset Income Fund (NYSE:NMAI) declared a monthly dividend on Friday, May 1st. Investors of record on Friday, May 15th will be given a dividend of 0.116 per share on Monday, June 1st. This represents a c) annualized dividend and a yield of 9.9%. The ex-dividend date of this dividend is Friday, May 15th.

Nuveen Multi-Asset Income Fund Trading Up 0.1%

NYSE NMAI traded up $0.01 during trading on Wednesday, reaching $14.13. 75,447 shares of the company’s stock traded hands, compared to its average volume of 117,303. Nuveen Multi-Asset Income Fund has a 12-month low of $11.99 and a 12-month high of $14.35. The company’s 50 day simple moving average is $13.16 and its two-hundred day simple moving average is $13.21.

Institutional Investors Weigh In On Nuveen Multi-Asset Income Fund

A number of hedge funds have recently modified their holdings of NMAI. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Nuveen Multi-Asset Income Fund during the first quarter valued at about $31,000. D.A. Davidson & CO. raised its position in Nuveen Multi-Asset Income Fund by 0.6% in the 1st quarter. D.A. Davidson & CO. now owns 131,230 shares of the company’s stock valued at $1,627,000 after purchasing an additional 730 shares during the last quarter. Calamos Advisors LLC boosted its stake in Nuveen Multi-Asset Income Fund by 13.5% during the 1st quarter. Calamos Advisors LLC now owns 57,914 shares of the company’s stock worth $718,000 after purchasing an additional 6,895 shares during the period. NWF Advisory Services Inc. raised its position in Nuveen Multi-Asset Income Fund by 7.9% during the 1st quarter. NWF Advisory Services Inc. now owns 43,561 shares of the company’s stock worth $540,000 after buying an additional 3,200 shares during the last quarter. Finally, Fifth Third Bancorp acquired a new position in shares of Nuveen Multi-Asset Income Fund during the 1st quarter worth $41,000.

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.