Nuveen Real Estate Income Fund (NYSE:JRS) Shares Cross Below Fifty Day Moving Average – Here’s Why

Shares of Nuveen Real Estate Income Fund (NYSE:JRS) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $8.55 and traded as low as $8.17. Nuveen Real Estate Income Fund shares last traded at $8.21, with a volume of 88,719 shares.

Nuveen Real Estate Income Fund Stock Down 0.2 %

The firm’s 50-day moving average is $8.55 and its 200 day moving average is $8.83.

Nuveen Real Estate Income Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a $0.17 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.68 dividend on an annualized basis and a yield of 8.37%.

Institutional Investors Weigh In On Nuveen Real Estate Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of the business. Advisors Asset Management Inc. raised its stake in shares of Nuveen Real Estate Income Fund by 5.3% during the fourth quarter. Advisors Asset Management Inc. now owns 705,953 shares of the company’s stock valued at $6,092,000 after purchasing an additional 35,323 shares in the last quarter. Baird Financial Group Inc. grew its position in Nuveen Real Estate Income Fund by 3.4% during the 4th quarter. Baird Financial Group Inc. now owns 449,385 shares of the company’s stock worth $3,878,000 after purchasing an additional 14,885 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of Nuveen Real Estate Income Fund by 5.1% in the fourth quarter. Private Advisor Group LLC now owns 380,625 shares of the company’s stock valued at $3,285,000 after purchasing an additional 18,479 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. purchased a new stake in Nuveen Real Estate Income Fund in the 4th quarter worth about $2,519,000. Finally, Invesco Ltd. boosted its stake in shares of Nuveen Real Estate Income Fund by 1.0% during the 4th quarter. Invesco Ltd. now owns 142,367 shares of the company’s stock valued at $1,229,000 after buying an additional 1,372 shares during the period.

Nuveen Real Estate Income Fund Company Profile

Nuveen Real Estate Income Fund is a closed-ended equity mutual fund launched by Nuveen Investments Inc The fund is managed by Security Capital Research & Management Incorporated. It invests in the public equity markets of the United States. The fund makes its investments in stocks of companies operating in the real-estate sector.