Shares for $395,872 were sold by Nuveen Multi-asset Income Fund by Saba Capital By Investing.com

In a recent transaction, Saba Capital Management, LP, a significant shareholder in Nuveen Multi-Asset Income Fund (NYSE:NMAI), sold 32,422 shares of the company’s stock. The shares were sold at a price of $12.21 each, for a total of approximately $395,872. The fund, which is currently valued at $407.46 million, offers an attractive 13.7% dividend yield and trades at a P/E ratio of 8.03, according to InvestingPro data. Following this transaction, Saba Capital retains ownership of 3,466,077 shares. The sale was announced by Boaz Weinstein, ten percent owner, and reflects continued management of the company’s investment portfolio. With shares trading near 52-week lows, InvestingPro subscribers can access additional insights and real-time portfolio monitoring tools to monitor institutional movements.

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