Nuveen Multi-Asset Income Fund (NYSE:NMAI) Shares Break Above 200-Day Moving Average – Here’s What Happened

Shares of Nuveen Multi-Asset Income Fund (NYSE:NMAI) crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $13.75 and traded as high as $13.91. Nuveen Multi-Asset Income Fund shares last traded at $13.86, with a volume of 106,720 shares traded.

Nuveen Multi-Asset Income Fund Stock Performance

The business has a 50-day moving average price of $13.87 and a 200-day moving average price of $13.75.

Nuveen Multi-Asset Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be given a dividend of $0.1160 per share. The ex-dividend date is Friday, November 13th. This represents a $1.39 dividend on an annualized basis and a yield of 10.0%.

Hedge Funds Weigh In On Nuveen Multi-Asset Income Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. purchased a new stake in shares of Nuveen Multi-Asset Income Fund during the third quarter worth about $917,000. Private Advisor Group LLC lifted its stake in Nuveen Multi-Asset Income Fund by 63.1% in the 3rd quarter. Private Advisor Group LLC now owns 31,223 shares of the company’s stock valued at $451,000 after buying an additional 12,084 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Nuveen Multi-Asset Income Fund by 7.7% in the 3rd quarter. International Assets Investment Management LLC now owns 26,900 shares of the company’s stock valued at $389,000 after buying an additional 1,916 shares in the last quarter. Calamos Advisors LLC lifted its stake in Nuveen Multi-Asset Income Fund by 6.7% in the 3rd quarter. Calamos Advisors LLC now owns 66,188 shares of the company’s stock valued at $956,000 after buying an additional 4,137 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its holdings in Nuveen Multi-Asset Income Fund by 2.8% in the 3rd quarter. D.A. Davidson & CO. now owns 148,785 shares of the company’s stock worth $2,150,000 after buying an additional 4,048 shares during the last quarter.

Nuveen Multi-Asset Income Fund is a closed-end investment fund that seeks to provide a high level of current income, with capital appreciation as a secondary objective. It invests across multiple asset classes rather than focusing on a single type of security. The fund’s portfolio may include income-producing stocks and fixed-income securities from U.S. and international markets. Its diversified approach gives investors exposure to a range of issuers, sectors and geographies. The fund began operations in 2021 and is part of Nuveen’s investment-fund lineup.