Saba capital administration sells Nuveen Multi-Asset Earnings Fund shares for $1.22m

Saba Capital Administration, L.P., a major shareholder within the Nuveen Multi-Asset Earnings Fund (NYSE:NMAI), a $407 million market cap fund at present providing a considerable 13.7% dividend yield, has reported the sale of its shares, in line with a current SEC submitting. InvestingPro information exhibits the fund typically trades with low worth volatility, with further insights obtainable to subscribers. The transactions, executed on January 2 and January 3, 2025, concerned the sale of 59,946 shares at $12.08 per share and 41,180 shares at $12.11 per share, respectively. The whole worth of those gross sales amounted to roughly $1.22 million. Following these transactions, Saba Capital Administration holds 3,498,499 shares of the fund. The gross sales occurred with the fund buying and selling close to its 52-week low of $11.63, at a P/E ratio of 8.03. The filings had been signed by Zachary Gindes on behalf of Saba Capital Administration and by Boaz Weinstein, a ten % proprietor. Uncover extra complete monetary metrics and evaluation with InvestingPro.

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