Saba Capital Management and Boaz Weinstein, both significant shareholders in the Nuveen Multi-Asset Income Fund (NYSE:NMAI), reported selling shares worth approximately $1.26 million, according to recent SEC filings. The fund, with a market capitalization of $404 million, currently offers an attractive dividend yield of ~14% and trades at a P/E ratio of 8.03, according to InvestingPro data. The transactions, which took place on December 27 and December 30, involved the sale of 104,249 shares at prices ranging from $12.06 to $12.07 per share.
Following these transactions, the shareholders hold a total of 3,634,562 shares in the fund. The sales were executed indirectly, reflecting ongoing portfolio adjustments by these prominent investors.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.