Nuveen Real Asset Income and Growth Fund (NYSE:JRI) Trading Up 0.2% – Here’s What Happened

by · The Markets Daily

Shares of Nuveen Real Asset Income and Growth Fund (NYSE:JRI – Get Free Report) were up 0.2% during trading on Tuesday . The company traded as high as $13.44 and last traded at $13.40. Approximately 82,134 shares were traded during trading, a decline of 33% from the average daily volume of 121,862 shares. The stock had previously closed at $13.37.

Nuveen Real Asset Income and Growth Fund Trading Up 0.4%

The firm’s fifty day moving average is $13.67 and its 200 day moving average is $13.57.

Nuveen Real Asset Income and Growth Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be issued a $0.1335 dividend. This represents a c) annualized dividend and a dividend yield of 11.9%. The ex-dividend date is Monday, December 15th.

Hedge Funds Weigh In On Nuveen Real Asset Income and Growth Fund

Several hedge funds have recently bought and sold shares of the business. WPG Advisers LLC purchased a new stake in Nuveen Real Asset Income and Growth Fund in the first quarter worth $25,000. Newbridge Financial Services Group Inc. bought a new position in shares of Nuveen Real Asset Income and Growth Fund in the second quarter worth about $40,000. US Bancorp DE purchased a new position in Nuveen Real Asset Income and Growth Fund in the 3rd quarter worth about $109,000. Geneos Wealth Management Inc. lifted its holdings in Nuveen Real Asset Income and Growth Fund by 506.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 8,698 shares of the company’s stock valued at $113,000 after buying an additional 7,264 shares in the last quarter. Finally, Alteri Wealth LLC purchased a new stake in Nuveen Real Asset Income and Growth Fund in the 2nd quarter valued at about $139,000.

About Nuveen Real Asset Income and Growth Fund

(Get Free Report)

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.

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