Principal Real Estate Income Fund (NYSE:PGZ) Trading Down 0.4%

Principal Real Estate Income Fund (NYSE:PGZ) dropped 0.4% during mid-day trading on Wednesday . The stock traded as low as $10.50 and last traded at $10.50. Approximately 18,537 shares changed hands during trading, a decline of 12% from the average daily volume of 21,111 shares. The stock had previously closed at $10.54.

Principal Real Estate Income Fund Stock Down 0.6 %

The business’s 50 day moving average is $10.21 and its 200-day moving average is $10.09.

Principal Real Estate Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be issued a dividend of $0.105 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $1.26 annualized dividend and a dividend yield of 12.06%.

Hedge Funds Weigh In On Principal Real Estate Income Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Riverbridge Partners LLC raised its position in Principal Real Estate Income Fund by 2.5% in the first quarter. Riverbridge Partners LLC now owns 157,227 shares of the company’s stock worth $1,624,000 after purchasing an additional 3,802 shares in the last quarter. Blue Bell Private Wealth Management LLC lifted its position in shares of Principal Real Estate Income Fund by 128.8% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 13,271 shares of the company’s stock worth $137,000 after buying an additional 7,471 shares during the period. SeaCrest Wealth Management LLC lifted its position in shares of Principal Real Estate Income Fund by 21.0% during the 1st quarter. SeaCrest Wealth Management LLC now owns 21,069 shares of the company’s stock worth $218,000 after buying an additional 3,653 shares during the period. International Assets Investment Management LLC boosted its stake in Principal Real Estate Income Fund by 9.1% in the 1st quarter. International Assets Investment Management LLC now owns 13,156 shares of the company’s stock valued at $135,000 after buying an additional 1,100 shares in the last quarter. Finally, Bulldog Investors LLP grew its position in Principal Real Estate Income Fund by 59.2% in the fourth quarter. Bulldog Investors LLP now owns 301,126 shares of the company’s stock valued at $2,846,000 after acquiring an additional 111,940 shares during the period.

About Principal Real Estate Income Fund

Principal Real Estate Income Fund is a closed ended balanced mutual fund launched and managed by ALPS Advisers, Inc It is co-managed by Principal Real Estate Investors, LLC. The fund invests in public equity and fixed income markets of the United States. It seeks to invest in commercial mortgage backed securities, real estate investment trusts and REIT-like entities.