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

Nuveen Multi-Asset Income Fund (NYSE:NMAI)’s stock price rose 0.1% during mid-day trading on Thursday . The company traded as high as $13.25 and last traded at $13.19. Approximately 99,766 shares changed hands during mid-day trading, a decline of 8% from the average daily volume of 108,164 shares. The stock had previously closed at $13.18.

Nuveen Multi-Asset Income Fund Stock Up 0.1%

The business has a 50 day simple moving average of $12.80 and a 200-day simple moving average of $12.39.

Nuveen Multi-Asset Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Wednesday, October 15th will be paid a $0.126 dividend. This represents a c) dividend on an annualized basis and a yield of 11.5%. The ex-dividend date of this dividend is Wednesday, October 15th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP lifted its holdings in shares of Nuveen Multi-Asset Income Fund by 412.7% in the second quarter. Allworth Financial LP now owns 2,512 shares of the company’s stock valued at $32,000 after purchasing an additional 2,022 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Nuveen Multi-Asset Income Fund in the first quarter valued at about $36,000. Elequin Capital LP bought a new stake in shares of Nuveen Multi-Asset Income Fund in the first quarter valued at about $49,000. International Assets Investment Management LLC bought a new stake in shares of Nuveen Multi-Asset Income Fund in the second quarter valued at about $135,000. Finally, Capital Market Strategies LLC bought a new stake in shares of Nuveen Multi-Asset Income Fund in the second quarter valued at about $146,000.