Nuveen Multi-Asset Income Fund (NYSE:NMAI) Plans $0.12 Monthly Dividend

Nuveen Multi-Asset Income Fund (NYSE:NMAI) announced a monthly dividend on Wednesday, July 1st. Stockholders of record on Wednesday, July 15th will be paid a dividend of 0.116 per share on Monday, August 3rd. This represents a c) annualized dividend and a dividend yield of 9.9%. The ex-dividend date of this dividend is Wednesday, July 15th.

Nuveen Multi-Asset Income Fund Price Performance

NYSE NMAI opened at $14.01 on Thursday. The company’s 50-day simple moving average is $13.88 and its 200 day simple moving average is $13.42. Nuveen Multi-Asset Income Fund has a twelve month low of $11.99 and a twelve month high of $14.38.

Hedge Funds Weigh In On Nuveen Multi-Asset Income Fund

A number of hedge funds have recently modified their holdings of the stock. Pathstone Holdings LLC boosted its stake in Nuveen Multi-Asset Income Fund by 60.6% in the 3rd quarter. Pathstone Holdings LLC now owns 1,259,213 shares of the company’s stock valued at $16,345,000 after buying an additional 475,298 shares in the last quarter. Stifel Financial Corp raised its stake in Nuveen Multi-Asset Income Fund by 200.2% during the fourth quarter. Stifel Financial Corp now owns 201,156 shares of the company’s stock worth $2,623,000 after acquiring an additional 134,154 shares in the last quarter. LPL Financial LLC raised its stake in Nuveen Multi-Asset Income Fund by 23.5% during the fourth quarter. LPL Financial LLC now owns 393,127 shares of the company’s stock worth $5,126,000 after acquiring an additional 74,745 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Nuveen Multi-Asset Income Fund by 189.8% during the first quarter. Royal Bank of Canada now owns 98,778 shares of the company’s stock valued at $1,187,000 after acquiring an additional 64,693 shares during the period. Finally, Advisors Asset Management Inc. bought a new position in shares of Nuveen Multi-Asset Income Fund during the fourth quarter valued at $836,000.

Nuveen Multi-Asset Income Fund (NYSE: NMAI) is a closed-end investment fund managed by Nuveen, a global asset manager and subsidiary of TIAA. The fund is listed on the New York Stock Exchange and seeks to provide investors with high current income and the potential for capital appreciation. Nuveen Multi-Asset Income Fund employs an actively managed, diversified approach across multiple asset classes, leveraging Nuveen’s extensive research and portfolio management infrastructure.

The fund’s investment strategy centers on allocating assets among a broad range of income-producing instruments.