Saba Capital Management, L.P., led by Boaz Weinstein, recently disclosed significant stock sales in Nuveen Multi-Asset Income Fund (NYSE:NMAI), a $411 million market cap fund currently trading at $12.30. According to an SEC filing, Saba Capital sold a total of 78,172 shares over two days, resulting in a total transaction value of $989,687. The shares were sold at prices ranging from $12.34 to $12.79.
On December 12, the firm sold 55,656 shares at $12.79 each, and on December 13, it sold an additional 22,516 shares at $12.34 per share. Following these transactions, Saba Capital holds 3,843,058 shares of Nuveen Multi-Asset Income Fund. InvestingPro data shows the fund offers an attractive 13.6% dividend yield and has delivered a 14% return year-to-date.
These transactions highlight Saba Capital's ongoing adjustments to its investment portfolio, underscoring the dynamic nature of fund management strategies. The fund maintains a strong financial health score according to InvestingPro, which offers additional insights through its comprehensive analysis tools.
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