Nuveen Real Asset Income and Growth Fund (NYSE:JRI) Trading Down 0.5% – Time to Sell?

Nuveen Real Asset Income and Growth Fund (NYSE:JRI) dropped 0.5% on Tuesday . The stock traded as low as $13.05 and last traded at $13.0850. Approximately 349,520 shares changed hands during mid-day trading, an increase of 33% from the average daily volume of 262,142 shares. The stock had previously closed at $13.15.

Nuveen Real Asset Income and Growth Fund Price Performance

The business has a 50-day moving average price of $13.58 and a two-hundred day moving average price of $13.64.

Nuveen Real Asset Income and Growth Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 13th will be issued a $0.1335 dividend. This represents a c) annualized dividend and a dividend yield of 12.2%. The ex-dividend date of this dividend is Friday, February 13th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Newbridge Financial Services Group Inc. acquired a new stake in Nuveen Real Asset Income and Growth Fund during the 2nd quarter valued at $40,000. Garner Asset Management Corp acquired a new position in shares of Nuveen Real Asset Income and Growth Fund in the fourth quarter worth $62,000. US Bancorp DE purchased a new stake in shares of Nuveen Real Asset Income and Growth Fund in the third quarter valued at $109,000. Alteri Wealth LLC purchased a new stake in shares of Nuveen Real Asset Income and Growth Fund in the second quarter valued at $139,000. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in shares of Nuveen Real Asset Income and Growth Fund during the third quarter valued at $147,000.

About Nuveen Real Asset Income and Growth Fund

Nuveen Real Asset Income and Growth Fund (NYSE: JRI) is a diversified, closed-end management investment company managed by Nuveen Advisors, LLC. The fund seeks to deliver a combination of income and capital growth by investing primarily in securities tied to real assets, including real estate investment trusts, infrastructure funds, master limited partnerships and other real asset-related equities. Launched on March 1, 2007, JRI provides investors with exposure to physical assets that can serve as an inflation hedge while pursuing consistent distribution streams.

The fund employs an active, research-driven approach to portfolio management, targeting high-quality issuers whose businesses benefit from long-term demand trends in sectors such as utilities, energy infrastructure, transportation and agriculture.