Nuveen Multi-Asset Income Fund (NMAI) To Go Ex-Dividend on August 14th

Nuveen Multi-Asset Income Fund (NYSE:NMAI) announced a monthly dividend on Monday, August 3rd. Investors of record on Friday, August 14th will be given a dividend of 0.116 per share on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 9.3%. The ex-dividend date is Friday, August 14th.

Nuveen Multi-Asset Income Fund Price Performance

NMAI stock opened at $14.91 on Wednesday. The business’s 50-day moving average is $13.94 and its two-hundred day moving average is $13.62. Nuveen Multi-Asset Income Fund has a fifty-two week low of $11.99 and a fifty-two week high of $14.93.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Cassaday & Co Wealth Management LLC bought a new position in shares of Nuveen Multi-Asset Income Fund during the 1st quarter valued at approximately $31,000. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Nuveen Multi-Asset Income Fund in the fourth quarter worth $42,000. Wells Fargo & Company MN increased its stake in shares of Nuveen Multi-Asset Income Fund by 942.2% in the fourth quarter. Wells Fargo & Company MN now owns 3,283 shares of the company’s stock worth $43,000 after purchasing an additional 2,968 shares in the last quarter. Fifth Third Bancorp bought a new stake in shares of Nuveen Multi-Asset Income Fund during the 1st quarter valued at $41,000. Finally, Allworth Financial LP bought a new stake in shares of Nuveen Multi-Asset Income Fund during the 2nd quarter valued at $64,000.

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.