Nuveen Real Asset Income and Growth Fund (NYSE:JRI) Trading Down 0.8%

Nuveen Real Asset Income and Growth Fund (NYSE:JRI) shares fell 0.8% during mid-day trading on Wednesday . The company traded as low as $11.91 and last traded at $11.95. 115,919 shares were traded during trading, an increase of 40% from the average session volume of 82,508 shares. The stock had previously closed at $12.05.

Nuveen Real Asset Income and Growth Fund Trading Up 1.6 %

The stock’s 50-day moving average is $11.64 and its 200-day moving average is $11.60.

Nuveen Real Asset Income and Growth Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be issued a $0.133 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 13.14%. The ex-dividend date of this dividend is Friday, June 14th. This is a boost from Nuveen Real Asset Income and Growth Fund’s previous monthly dividend of $0.10.

Hedge Funds Weigh In On Nuveen Real Asset Income and Growth Fund

A number of institutional investors and hedge funds have recently bought and sold shares of JRI. Principal Securities Inc. purchased a new position in shares of Nuveen Real Asset Income and Growth Fund during the 4th quarter valued at approximately $73,000. Blue Bell Private Wealth Management LLC purchased a new position in shares of Nuveen Real Asset Income and Growth Fund during the 4th quarter valued at approximately $124,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of Nuveen Real Asset Income and Growth Fund during the 3rd quarter valued at approximately $124,000. Park Avenue Securities LLC boosted its stake in shares of Nuveen Real Asset Income and Growth Fund by 12.0% during the 1st quarter. Park Avenue Securities LLC now owns 13,971 shares of the company’s stock valued at $166,000 after buying an additional 1,499 shares during the last quarter. Finally, CoreCap Advisors LLC boosted its stake in shares of Nuveen Real Asset Income and Growth Fund by 8.8% during the 4th quarter. CoreCap Advisors LLC now owns 16,631 shares of the company’s stock valued at $195,000 after buying an additional 1,350 shares during the last quarter.

About Nuveen Real Asset Income and Growth Fund

Nuveen Real Asset Income and Growth Fund is an closed ended balanced mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the public equity markets across the globe. The fund also makes its investments in depository receipts.