Nuveen Real Estate Income Fund (NYSE:JRS) Stock Passes Below 50-Day Moving Average – Here’s What Happened

Nuveen Real Estate Income Fund (NYSE:JRS)’s stock price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $8.99 and traded as low as $8.27. Nuveen Real Estate Income Fund shares last traded at $8.44, with a volume of 68,448 shares changing hands.

Nuveen Real Estate Income Fund Trading Up 1.0 %

The company has a fifty day moving average of $8.98 and a 200-day moving average of $8.71.

Nuveen Real Estate Income Fund Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $0.17 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 8.06%.

Hedge Funds Weigh In On Nuveen Real Estate Income Fund

A number of institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. grew its stake in shares of Nuveen Real Estate Income Fund by 18.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 12,923 shares of the company’s stock worth $99,000 after acquiring an additional 1,980 shares during the last quarter. MML Investors Services LLC acquired a new stake in Nuveen Real Estate Income Fund in the 3rd quarter worth $140,000. Stifel Financial Corp increased its holdings in shares of Nuveen Real Estate Income Fund by 19.8% during the 3rd quarter. Stifel Financial Corp now owns 32,266 shares of the company’s stock worth $300,000 after purchasing an additional 5,341 shares during the period. International Assets Investment Management LLC raised its position in shares of Nuveen Real Estate Income Fund by 838.0% during the third quarter. International Assets Investment Management LLC now owns 37,455 shares of the company’s stock valued at $348,000 after buying an additional 33,462 shares during the last quarter. Finally, Private Advisor Group LLC lifted its stake in shares of Nuveen Real Estate Income Fund by 11.7% in the second quarter. Private Advisor Group LLC now owns 368,308 shares of the company’s stock valued at $2,814,000 after buying an additional 38,650 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.