Nuveen Multi-Asset Income Fund (NYSE:NMAI) Stock Price Up 0.1% – Should You Buy?

Nuveen Multi-Asset Income Fund (NYSE:NMAI)’s stock price was up 0.1% during trading on Friday . The company traded as high as $13.25 and last traded at $13.2190. Approximately 92,924 shares traded hands during mid-day trading, a decline of 14% from the average daily volume of 108,071 shares. The stock had previously closed at $13.21.

Nuveen Multi-Asset Income Fund Price Performance

The stock’s fifty day moving average is $12.92 and its 200 day moving average is $12.56.

Nuveen Multi-Asset Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, November 3rd. Investors of record on Wednesday, October 15th will be issued a $0.126 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 11.4%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Penserra Capital Management LLC lifted its holdings in shares of Nuveen Multi-Asset Income Fund by 3.0% in the 2nd quarter. Penserra Capital Management LLC now owns 916,790 shares of the company’s stock valued at $11,579,000 after acquiring an additional 27,086 shares during the last quarter. Wolverine Asset Management LLC grew its holdings in Nuveen Multi-Asset Income Fund by 85.4% during the 2nd quarter. Wolverine Asset Management LLC now owns 406,739 shares of the company’s stock valued at $5,137,000 after purchasing an additional 187,332 shares during the last quarter. Shaker Financial Services LLC grew its holdings in Nuveen Multi-Asset Income Fund by 48.0% during the 1st quarter. Shaker Financial Services LLC now owns 286,041 shares of the company’s stock valued at $3,495,000 after purchasing an additional 92,794 shares during the last quarter. LPL Financial LLC grew its holdings in Nuveen Multi-Asset Income Fund by 16.0% during the 1st quarter. LPL Financial LLC now owns 271,512 shares of the company’s stock valued at $3,264,000 after purchasing an additional 37,460 shares during the last quarter. Finally, Absolute Investment Advisers LLC grew its holdings in Nuveen Multi-Asset Income Fund by 5.4% during the 2nd quarter. Absolute Investment Advisers LLC now owns 214,500 shares of the company’s stock valued at $2,709,000 after purchasing an additional 10,900 shares during the last quarter.