Nuveen Real Asset Income and Growth Fund (JRI) to Issue Monthly Dividend of $0.13 on September 1st

Nuveen Real Asset Income and Growth Fund (NYSE:JRI) announced a monthly dividend on Monday, August 3rd. Investors of record on Friday, August 14th will be paid a dividend of 0.1335 per share on Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 12.6%. The ex-dividend date is Friday, August 14th.

Nuveen Real Asset Income and Growth Fund Trading Down 0.7%

Nuveen Real Asset Income and Growth Fund stock opened at $12.73 on Wednesday. Nuveen Real Asset Income and Growth Fund has a one year low of $11.67 and a one year high of $14.37. The stock has a fifty day moving average of $12.86 and a 200 day moving average of $12.89.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Baird Financial Group Inc. purchased a new position in shares of Nuveen Real Asset Income and Growth Fund in the second quarter worth approximately $221,000. HighTower Advisors LLC boosted its stake in shares of Nuveen Real Asset Income and Growth Fund by 43.7% during the 4th quarter. HighTower Advisors LLC now owns 14,806 shares of the company’s stock worth $202,000 after acquiring an additional 4,500 shares during the last quarter. Stifel Financial Corp purchased a new position in shares of Nuveen Real Asset Income and Growth Fund during the 4th quarter worth $141,000. Kestra Advisory Services LLC bought a new stake in shares of Nuveen Real Asset Income and Growth Fund during the 4th quarter valued at $95,000. Finally, CoreCap Advisors LLC increased its stake in shares of Nuveen Real Asset Income and Growth Fund by 319.6% in the 2nd quarter. CoreCap Advisors LLC now owns 69,156 shares of the company’s stock worth $896,000 after purchasing an additional 52,675 shares in the last quarter.

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.