Nuveen Real Asset Income and Growth Fund (NYSE:JRI) Share Price Breaks Above 50 Day Moving Average – What’s Next?

Nuveen Real Asset Income and Growth Fund (NYSE:JRI) shares crossed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $11.28 and traded as high as $11.38. Nuveen Real Asset Income and Growth Fund shares last traded at $11.3650, with a volume of 145,226 shares trading hands.

Nuveen Real Asset Income and Growth Fund Trading Up 0.9%

The firm’s 50-day moving average price is $11.28 and its 200-day moving average price is $12.46.

Nuveen Real Asset Income and Growth Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be given a dividend of $0.1335 per share. The ex-dividend date is Friday, November 13th. This represents a $1.60 annualized dividend and a yield of 14.1%.

Institutional Trading of Nuveen Real Asset Income and Growth Fund

Several hedge funds and other institutional investors have recently bought and sold shares of JRI. Private Advisor Group LLC lifted its position in Nuveen Real Asset Income and Growth Fund by 1.3% in the first quarter. Private Advisor Group LLC now owns 139,914 shares of the company’s stock worth $1,721,000 after buying an additional 1,750 shares during the last quarter. Chicago Partners Investment Group LLC boosted its stake in Nuveen Real Asset Income and Growth Fund by 12.1% during the first quarter. Chicago Partners Investment Group LLC now owns 93,073 shares of the company’s stock worth $1,210,000 after buying an additional 10,066 shares during the period. Bank of America Corp DE increased its position in Nuveen Real Asset Income and Growth Fund by 182.1% during the first quarter. Bank of America Corp DE now owns 87,224 shares of the company’s stock valued at $1,073,000 after acquiring an additional 56,309 shares during the last quarter. CoreCap Advisors LLC increased its position in Nuveen Real Asset Income and Growth Fund by 319.6% during the second quarter. CoreCap Advisors LLC now owns 69,156 shares of the company’s stock valued at $896,000 after acquiring an additional 52,675 shares during the last quarter. Finally, NewEdge Advisors LLC increased its position in Nuveen Real Asset Income and Growth Fund by 108.4% during the second quarter. NewEdge Advisors LLC now owns 56,714 shares of the company’s stock valued at $735,000 after acquiring an additional 29,498 shares during the last quarter.

Nuveen Real Asset Income and Growth Fund Company Profile

Nuveen Real Asset Income and Growth Fund (NYSE: JRI) is a closed-end management investment company designed to provide investors with high current income and the opportunity for capital appreciation. The fund is managed by Nuveen Asset Management, an investment management firm and subsidiary of TIAA.

JRI invests primarily in securities issued by companies involved in real asset industries, including infrastructure, real estate, utilities, energy and related sectors. Its portfolio may include common stocks, preferred securities, income-producing debt instruments and investments in real estate investment trusts and infrastructure companies.