Nuveen hedge fund sees $1.26 million in stock sale Via Investing.com

Saba Capital Management and Boaz Weinstein, both shareholders in Nuveen Multi-Asset Income Fund (NYSE:NMAI), reported selling about 1.26 million shares, according to the latest SEC filings. The fund, with a market capitalization of $404 million, currently offers an impressive dividend yield of ~14% and trades at a P/E ratio of 8.03, according to InvestingPro data. Transactions, which took place on December 27 and December 30, included the sale of 104,249 shares at a price ranging from $12.06 to $12.07 in total.

Based on these transactions, shareholders hold a total of 3,634,562 shares in the fund. The sales were made indirectly, reflecting the ongoing changes in these prominent investors.

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