SCHEDULE 13G/A: Morgan Stanley and Parametric Portfolio Associates Reduce Stake in Nuveen Real Asset Income & Growth Fund Below 5%
Beneficial Ownership Report (Schedule 13G Amendment)
Morgan Stanley and its subsidiary, Parametric Portfolio Associates LLC, have reported a reduction in their beneficial ownership of Nuveen Real Asset Income & Growth Fund's common stock to 4.9%, falling below the 5% threshold.
Summary
- Morgan Stanley and its wholly-owned subsidiary, Parametric Portfolio Associates LLC, have filed an Amendment No. 3 to Schedule 13G regarding their beneficial ownership in Nuveen Real Asset Income & Growth Fund.
- As of December 31, 2024, the aggregate amount beneficially owned by both entities is 1,344,008 shares of Common Stock.
- This represents 4.9% of the class of securities, indicating that both Morgan Stanley and Parametric Portfolio Associates LLC have ceased to be beneficial owners of more than five percent of the class.
- Morgan Stanley holds shared voting power over 199,605 shares and shared dispositive power over 1,344,008 shares.
- Parametric Portfolio Associates LLC also holds shared voting power over 199,605 shares and shared dispositive power over 1,344,008 shares.
Sentiment
Score: 4
Explanation: The sentiment is slightly negative due to the reduction in a significant institutional stake, which can be perceived as a lack of confidence, although the filing itself is a neutral regulatory disclosure.
Negatives
- A significant institutional investor, Morgan Stanley (through its subsidiary Parametric Portfolio Associates LLC), has reduced its beneficial ownership in Nuveen Real Asset Income & Growth Fund below the 5% threshold, which could be interpreted as a decrease in institutional confidence or a shift in investment strategy.
Future Outlook
The document does not provide any forward-looking statements or guidance from the issuer or the reporting persons regarding the issuer's future performance.
Industry Context
This filing reflects a change in institutional ownership for a specific real asset income and growth fund. While not indicative of broader industry trends, changes in significant institutional holdings can influence market perception of individual funds.
Related Party Transactions
- Parametric Portfolio Associates LLC, one of the reporting persons, is a wholly-owned subsidiary of Morgan Stanley, the other reporting person. Their beneficial ownership is reported jointly due to this parent-subsidiary relationship.
Stakeholder Impact
- Shareholders of Nuveen Real Asset Income & Growth Fund may observe a decrease in institutional ownership, which could influence market sentiment and potentially the fund's share price.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which required the filing of this statement (reduction of beneficial ownership below 5%). |
| 02/04/2025 | Signature date of the Schedule 13G filing by Morgan Stanley and Parametric Portfolio Associates LLC. |
| 01/16/2025 | Date of the Joint Filing Agreement between Morgan Stanley and Parametric Portfolio Associates LLC. |
Keywords
Nuveen Real Asset Income & Growth Fund, Morgan Stanley, Parametric Portfolio Associates, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Ownership, Investment Fund, Asset Management
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