Nuveen Real Estate Income Fund (NYSE:JRS) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Nuveen Real Estate Income Fund (NYSE:JRS)’s share price passed 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 trading hands.

Nuveen Real Estate Income Fund Price Performance

The company has a 50 day simple moving average of $8.98 and a 200 day simple moving average of $8.71.

Nuveen Real Estate Income Fund Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a dividend of $0.17 per share. The ex-dividend date was Friday, December 13th. This represents a $0.68 annualized dividend and a yield of 8.06%.

Hedge Funds Weigh In On Nuveen Real Estate Income Fund

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