Nuveen Real Asset Income and Growth Fund (NYSE:JRI) Trading Down 0.5% – Time to Sell?
by Teresa Graham · The Cerbat GemShares of Nuveen Real Asset Income and Growth Fund (NYSE:JRI – Get Free Report) were down 0.5% during trading on Tuesday . The stock traded as low as $13.05 and last traded at $13.0850. Approximately 349,520 shares traded 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 Trading Down 0.5%
The business’s 50 day moving average price is $13.58 and its 200-day moving average price is $13.64.
Nuveen Real Asset Income and Growth Fund Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 13th will be given a dividend of $0.1335 per share. The ex-dividend date is Friday, February 13th. This represents a c) annualized dividend and a yield of 12.2%.
Institutional Trading of Nuveen Real Asset Income and Growth Fund
Several hedge funds have recently modified their holdings of JRI. Garner Asset Management Corp acquired a new position in Nuveen Real Asset Income and Growth Fund during the fourth quarter worth $62,000. Clear Creek Financial Management LLC acquired a new stake in Nuveen Real Asset Income and Growth Fund in the fourth quarter valued at $196,000. DAVENPORT & Co LLC boosted 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 worth $478,000 after purchasing an additional 757 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of Nuveen Real Asset Income and Growth Fund by 4.9% during the 3rd quarter. NewEdge Advisors LLC now owns 28,219 shares of the company’s stock worth $402,000 after purchasing an additional 1,311 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in shares of Nuveen Real Asset Income and Growth Fund by 45.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 48,716 shares of the company’s stock worth $694,000 after purchasing an additional 15,287 shares during the period.
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.