50% Off! Beat the market in 2025 with InvestingProCLAIM SALE

Nuveen multi-asset income fund sees $630,358 in stock sales

Published 12/10/2024, 01:30 AM
NMAI
-

Saba Capital Management, L.P., a significant shareholder in Nuveen Multi-Asset Income Fund (NYSE:NMAI), reported the sale of 48,865 shares across two transactions on December 5 and December 6, 2024. The fund, currently valued at $432.53 million, has delivered an impressive 16.07% return year-to-date and offers a substantial 12.91% dividend yield. The shares were sold at a consistent price of $12.9 each, amounting to a total of $630,358. Following these transactions, Saba Capital holds 3,995,180 shares in the fund. The sales were executed indirectly, as noted in the filing. According to InvestingPro, NMAI maintains strong dividend characteristics with historically low price volatility, making it an interesting option for income-focused investors.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.