Nuveen Multi-Asset Income Fund (NYSE:NMAI) Trading 0.3% Higher – Time to Buy?

Nuveen Multi-Asset Income Fund (NYSE:NMAI) shares shot up 0.3% during trading on Thursday . The stock traded as high as $12.18 and last traded at $12.14. 81,807 shares traded hands during 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 Up 0.7 %

The business’s fifty day moving average is $12.36 and its two-hundred day moving average is $12.77.

Nuveen Multi-Asset Income Fund Dividend Announcement

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

Insider Transactions at Nuveen Multi-Asset Income Fund

In related news, major shareholder Saba Capital Management, L.P. sold 29,872 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $12.10, for a total transaction of $361,451.20. Following the completion of the sale, the insider now directly owns 3,320,294 shares of the company’s stock, valued at $40,175,557.40. The trade was a 0.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders sold a total of 574,786 shares of company stock worth $7,089,756 over the last 90 days.

Institutional Trading of Nuveen Multi-Asset Income Fund

A number of institutional investors have recently bought and sold shares of the business. Blake Schutter Theil Wealth Advisors LLC bought a new position in shares of Nuveen Multi-Asset Income Fund in the 3rd quarter worth $161,000. Avior Wealth Management LLC boosted its holdings in Nuveen Multi-Asset Income Fund by 62.8% during the fourth quarter. Avior Wealth Management LLC now owns 15,287 shares of the company’s stock worth $184,000 after buying an additional 5,896 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Nuveen Multi-Asset Income Fund during the 4th quarter worth about $364,000. Greenleaf Trust bought a new stake in shares of Nuveen Multi-Asset Income Fund in the 3rd quarter valued at about $560,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Nuveen Multi-Asset Income Fund in the 2nd quarter valued at about $611,000.