Saba Capital Management, a key investor in Nuveen Multi-Asset Income Fund (NYSE:NMAI), reported selling shares worth around $770,885 from October 10 to October 14. The shares were sold at prices between $12.90 and $12.95, leaving Saba Capital with 4,242,949 shares in the fund.
InvestingPro Insights
Despite Saba reducing its stake, NMAI’s metrics may still attract investors. It has a high dividend yield of 12.89% and the last ex-dividend date was September 13, 2024. NMAI also has a market cap of $433.2 million and a price-to-earnings ratio of 8.03, indicating it may be a good option for income investors. Over the past year, it has returned 34.91% and is trading at 96% of its 52-week high.
InvestingPro notes that the stock has low price volatility, which can be appealing to risk-averse investors looking for stable income. For more insights, check out InvestingPro.
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