In a recent transaction, Saba Capital Management, L.P., a significant stakeholder in Nuveen Multi-Asset Income Fund (NYSE:NMAI), sold 32,422 shares of the company’s common stock. The shares were sold at a price of $12.21 each, totaling approximately $395,872. The fund, 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 reported by Boaz Weinstein, a ten percent owner, and reflects the firm’s ongoing management of its investment portfolio. With the stock trading near its 52-week low, InvestingPro subscribers can access additional insights and real-time portfolio monitoring tools to track institutional movements.
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