Nuveen Multi-Asset Income Fund (NYSE:NMAI) Trading Down 0.1% – Here’s Why

Nuveen Multi-Asset Income Fund (NYSE:NMAI) shares traded down 0.1% on Tuesday . The company traded as low as $12.09 and last traded at $12.11. 111,808 shares changed hands during trading, an increase of 10% from the average session volume of 102,098 shares. The stock had previously closed at $12.12.

Nuveen Multi-Asset Income Fund Price Performance

The business’s 50-day simple moving average is $12.38 and its two-hundred day simple moving average is $12.55.

Nuveen Multi-Asset Income Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.4175 per share. This represents a $1.67 annualized dividend and a yield of 13.92%. The ex-dividend date is Friday, March 14th.

Insiders Place Their Bets

In related news, major shareholder Saba Capital Management, L.P. sold 59,946 shares of Nuveen Multi-Asset Income Fund stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $12.08, for a total transaction of $724,147.68. Following the transaction, the insider now directly owns 3,539,679 shares of the company’s stock, valued at $42,759,322.32. The trade was a 1.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 260,230 shares of company stock valued at $3,138,099 over the last 90 days.

Institutional Investors Weigh In On Nuveen Multi-Asset Income Fund

A number of large investors have recently made changes to their positions in the company. Wells Fargo & Company MN lifted its position in shares of Nuveen Multi-Asset Income Fund by 34.6% in the fourth quarter. Wells Fargo & Company MN now owns 3,501 shares of the company’s stock worth $42,000 after purchasing an additional 899 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new position in shares of Nuveen Multi-Asset Income Fund during the 4th quarter valued at $151,000. Avior Wealth Management LLC grew its holdings in shares of Nuveen Multi-Asset Income Fund by 62.8% during the 4th quarter. Avior Wealth Management LLC now owns 15,287 shares of the company’s stock valued at $184,000 after acquiring an additional 5,896 shares in the last quarter. Fortitude Advisory Group L.L.C. increased its stake in shares of Nuveen Multi-Asset Income Fund by 6.7% in the fourth quarter. Fortitude Advisory Group L.L.C. now owns 18,444 shares of the company’s stock worth $222,000 after acquiring an additional 1,159 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Nuveen Multi-Asset Income Fund by 5.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 22,871 shares of the company’s stock worth $275,000 after acquiring an additional 1,187 shares in the last quarter.