Nuveen Real Asset Income and Growth Fund (NYSE:JRI) Trading Up 0.3% – Here’s Why

Nuveen Real Asset Income and Growth Fund (NYSE:JRI)’s share price was up 0.3% during mid-day trading on Friday . The stock traded as high as $13.08 and last traded at $12.99. Approximately 88,843 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 134,338 shares. The stock had previously closed at $12.95.

Nuveen Real Asset Income and Growth Fund Trading Up 0.3 %

The stock has a 50-day moving average price of $12.63 and a 200 day moving average price of $12.75.

Nuveen Real Asset Income and Growth Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be given a dividend of $0.1335 per share. This represents a $1.60 annualized dividend and a dividend yield of 12.33%. The ex-dividend date of this dividend is Thursday, May 15th.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in JRI. Larson Financial Group LLC lifted its stake in Nuveen Real Asset Income and Growth Fund by 151.4% in the 4th quarter. Larson Financial Group LLC now owns 2,675 shares of the company’s stock valued at $32,000 after acquiring an additional 1,611 shares in the last quarter. Wolverine Asset Management LLC bought a new position in shares of Nuveen Real Asset Income and Growth Fund during the 4th quarter worth approximately $96,000. Elequin Capital LP acquired a new stake in shares of Nuveen Real Asset Income and Growth Fund in the fourth quarter valued at approximately $102,000. Envestnet Asset Management Inc. bought a new stake in shares of Nuveen Real Asset Income and Growth Fund in the fourth quarter worth $128,000. Finally, Janney Montgomery Scott LLC acquired a new position in Nuveen Real Asset Income and Growth Fund during the first quarter worth $143,000.

About Nuveen Real Asset Income and Growth Fund

Nuveen Real Asset Income and Growth Fund is an closed ended balanced mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the public equity markets across the globe. The fund also makes its investments in depository receipts.