Nuveen Real Asset Income and Growth Fund (NYSE:JRI) Stock Price Down 0.6% – Should You Sell?

Nuveen Real Asset Income and Growth Fund (NYSE:JRI) shares fell 0.6% on Monday . The stock traded as low as $11.67 and last traded at $11.6960. 369,149 shares changed hands during mid-day trading, an increase of 38% from the average session volume of 267,088 shares. The stock had previously closed at $11.77.

Nuveen Real Asset Income and Growth Fund Stock Performance

The company’s 50 day moving average price is $13.06 and its two-hundred day moving average price is $13.52.

Nuveen Real Asset Income and Growth Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 2nd will be given a dividend of $0.1335 per share. This represents a c) dividend on an annualized basis and a dividend yield of 13.7%. The ex-dividend date of this dividend is Monday, March 2nd.

Institutional Investors Weigh In On Nuveen Real Asset Income and Growth Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. DAVENPORT & Co LLC raised its position in shares of Nuveen Real Asset Income and Growth Fund by 2.2% during the 4th quarter. DAVENPORT & Co LLC now owns 35,099 shares of the company’s stock valued at $478,000 after purchasing an additional 757 shares during the period. Prevail Innovative Wealth Advisors LLC boosted its holdings in Nuveen Real Asset Income and Growth Fund by 15.6% in the 3rd quarter. Prevail Innovative Wealth Advisors LLC now owns 152,725 shares of the company’s stock worth $2,176,000 after buying an additional 20,589 shares during the period. Alteri Wealth LLC boosted its holdings in Nuveen Real Asset Income and Growth Fund by 30.0% in the 3rd quarter. Alteri Wealth LLC now owns 13,362 shares of the company’s stock worth $190,000 after buying an additional 3,085 shares during the period. Adapt Wealth Advisors LLC purchased a new stake in Nuveen Real Asset Income and Growth Fund in the 3rd quarter worth $571,000. Finally, Oppenheimer & Co. Inc. increased its stake in Nuveen Real Asset Income and Growth Fund by 202.6% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 35,251 shares of the company’s stock worth $502,000 after buying an additional 23,603 shares in the last quarter.

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.