Nuveen Real Asset Income and Growth Fund (NYSE:JRI) Shares Up 0.7%

Nuveen Real Asset Income and Growth Fund (NYSE:JRI)’s share price shot up 0.7% during trading on Wednesday . The stock traded as high as $18.06 and last traded at $17.90, 292,400 shares changed hands during trading. An increase of 198% from the average session volume of 98,165 shares. The stock had previously closed at $17.78.

The firm has a 50-day moving average of $18.79 and a 200 day moving average of $17.90.

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 14th will be given a dividend of $0.117 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.40 annualized dividend and a dividend yield of 7.84%.

In related news, insider Gifford R. Zimmerman sold 1,804 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $18.10, for a total transaction of $32,652.40.

Several institutional investors have recently added to or reduced their stakes in JRI. AdvisorNet Financial Inc boosted its position in Nuveen Real Asset Income and Growth Fund by 947.7% in the third quarter. AdvisorNet Financial Inc now owns 4,348 shares of the company’s stock worth $76,000 after purchasing an additional 3,933 shares during the last quarter. FNY Investment Advisers LLC boosted its position in Nuveen Real Asset Income and Growth Fund by 70.4% in the fourth quarter. FNY Investment Advisers LLC now owns 9,107 shares of the company’s stock worth $167,000 after purchasing an additional 3,763 shares during the last quarter. Ironwood Investment Counsel LLC purchased a new position in Nuveen Real Asset Income and Growth Fund in the fourth quarter worth about $233,000. Park Avenue Securities LLC boosted its position in Nuveen Real Asset Income and Growth Fund by 20.5% in the fourth quarter. Park Avenue Securities LLC now owns 13,131 shares of the company’s stock worth $241,000 after purchasing an additional 2,234 shares during the last quarter. Finally, Citigroup Inc. boosted its position in Nuveen Real Asset Income and Growth Fund by 1,887.7% in the fourth quarter. Citigroup Inc. now owns 13,854 shares of the company’s stock worth $254,000 after purchasing an additional 13,157 shares during the last quarter.

About Nuveen Real Asset Income and Growth Fund (NYSE:JRI)

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.

Read More: Dividend Reinvestment Plan (DRIP)

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