Nuveen Real Estate Income Fund (NYSE:JRS) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

Shares of Nuveen Real Estate Income Fund (NYSE:JRS) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $8.55 and traded as high as $8.68. Nuveen Real Estate Income Fund shares last traded at $8.63, with a volume of 50,992 shares trading hands.

Nuveen Real Estate Income Fund Trading Down 0.4 %

The firm’s 50 day moving average is $8.55 and its two-hundred day moving average is $8.85.

Nuveen Real Estate Income Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 7.88%. The ex-dividend date was Friday, December 13th.

Institutional Trading of Nuveen Real Estate Income Fund

Several hedge funds have recently modified their holdings of the stock. Geneos Wealth Management Inc. purchased a new stake in Nuveen Real Estate Income Fund during the 4th quarter worth about $52,000. Bay Capital Advisors LLC acquired a new position in shares of Nuveen Real Estate Income Fund during the fourth quarter worth about $120,000. Citadel Advisors LLC acquired a new stake in Nuveen Real Estate Income Fund in the fourth quarter valued at approximately $128,000. MML Investors Services LLC purchased a new position in Nuveen Real Estate Income Fund in the third quarter worth approximately $140,000. Finally, Mariner LLC acquired a new position in Nuveen Real Estate Income Fund during the 4th quarter worth approximately $149,000.

About Nuveen Real Estate Income Fund

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.