Nuveen Real Estate Income Fund (NYSE:JRS) Stock Price Crosses Below 50 Day Moving Average of $7.30

Nuveen Real Estate Income Fund (NYSE:JRS – Get Rating)’s share price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $7.30 and traded as low as $6.86. Nuveen Real Estate Income Fund shares last traded at $6.88, with a volume of 79,454 shares traded.

Nuveen Real Estate Income Fund Stock Performance

The firm has a 50-day moving average price of $7.28 and a 200 day moving average price of $7.86.

Nuveen Real Estate Income Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 3rd. Stockholders of record on Wednesday, March 15th were given a dividend of $0.17 per share. The ex-dividend date was Tuesday, March 14th. This represents a $0.68 annualized dividend and a dividend yield of 9.80%.

Institutional Trading of Nuveen Real Estate Income Fund

Several hedge funds have recently modified their holdings of the stock. Advisors Asset Management Inc. raised its stake in shares of Nuveen Real Estate Income Fund by 16.5% in the fourth quarter. Advisors Asset Management Inc. now owns 753,819 shares of the company’s stock valued at $5,699,000 after acquiring an additional 106,679 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in Nuveen Real Estate Income Fund by 8.0% in the first quarter. Commonwealth Equity Services LLC now owns 536,980 shares of the company’s stock valued at $4,011,000 after buying an additional 39,804 shares in the last quarter. Baird Financial Group Inc. raised its stake in Nuveen Real Estate Income Fund by 18.1% in the fourth quarter. Baird Financial Group Inc. now owns 355,011 shares of the company’s stock valued at $2,684,000 after buying an additional 54,530 shares in the last quarter. Private Advisor Group LLC acquired a new stake in Nuveen Real Estate Income Fund in the first quarter valued at $2,127,000. Finally, LPL Financial LLC raised its stake in Nuveen Real Estate Income Fund by 23.3% in the second quarter. LPL Financial LLC now owns 256,661 shares of the company’s stock valued at $2,413,000 after buying an additional 48,422 shares in the last quarter.

Nuveen Real Estate Income Fund Company Profile

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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.