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

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

Nuveen Multi-Asset Income Fund Price Performance

Shares of NYSE NMAI opened at $14.01 on Thursday. Nuveen Multi-Asset Income Fund has a 52-week low of $11.99 and a 52-week high of $14.38. The business has a fifty day moving average of $13.88 and a two-hundred day moving average of $13.42.

Hedge Funds Weigh In On Nuveen Multi-Asset Income Fund

Several institutional investors have recently added to or reduced their stakes in NMAI. Pathstone Holdings LLC boosted its position in Nuveen Multi-Asset Income Fund by 60.6% in the third 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. UBS Group AG increased its holdings in shares of Nuveen Multi-Asset Income Fund by 6.7% during the fourth quarter. UBS Group AG now owns 681,504 shares of the company’s stock worth $8,887,000 after buying an additional 42,990 shares in the last quarter. LPL Financial LLC increased its holdings in shares of 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 buying an additional 74,745 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Nuveen Multi-Asset Income Fund by 23.1% in the first quarter. Royal Bank of Canada now owns 240,191 shares of the company’s stock valued at $2,978,000 after acquiring an additional 45,075 shares during the last quarter. Finally, Stifel Financial Corp boosted its holdings in shares of Nuveen Multi-Asset Income Fund by 200.2% in the 4th 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.

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.