Nuveen Multi-Asset Income Fund (NYSE:NMAI) Trading Up 0.3% – What’s Next?

Nuveen Multi-Asset Income Fund (NYSE:NMAI) shares shot up 0.3% during mid-day trading on Thursday . The stock traded as high as $12.18 and last traded at $12.14. 81,807 shares traded hands during mid-day trading, a decline of 31% from the average session volume of 118,151 shares. The stock had previously closed at $12.10.

Nuveen Multi-Asset Income Fund Stock Performance

The business has a 50 day moving average of $12.36 and a 200-day moving average of $12.77.

Nuveen Multi-Asset Income Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a dividend of $0.4175 per share. This represents a $1.67 annualized dividend and a dividend yield of 13.68%. The ex-dividend date of this dividend was Friday, December 13th.

Insider Buying and Selling

In other Nuveen Multi-Asset Income Fund news, major shareholder Saba Capital Management, L.P. sold 9,749 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $12.75, for a total transaction of $124,299.75. Following the completion of the transaction, the insider now owns 4,233,200 shares of the company’s stock, valued at $53,973,300. This represents a 0.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold a total of 574,786 shares of company stock worth $7,089,756 over the last ninety days.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in NMAI. Blake Schutter Theil Wealth Advisors LLC acquired a new stake in Nuveen Multi-Asset Income Fund in the 3rd quarter valued at $161,000. Avior Wealth Management LLC grew its holdings in shares of Nuveen Multi-Asset Income Fund by 62.8% in 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. Janney Montgomery Scott LLC acquired a new stake in shares of Nuveen Multi-Asset Income Fund in the fourth quarter valued at about $364,000. Greenleaf Trust bought a new stake in Nuveen Multi-Asset Income Fund during the third quarter worth about $560,000. Finally, Sanctuary Advisors LLC acquired a new position in Nuveen Multi-Asset Income Fund during the second quarter valued at approximately $611,000.