Nuveen Real Estate Income Fund (NYSE:JRS) Stock Crosses Below Fifty Day Moving Average of $7.63

Nuveen Real Estate Income Fund (NYSE:JRS)’s share price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $7.63 and traded as low as $7.14. Nuveen Real Estate Income Fund shares last traded at $7.15, with a volume of 21,046 shares.

Nuveen Real Estate Income Fund Stock Performance

The company has a 50 day moving average of $7.63 and a 200 day moving average of $7.30.

Nuveen Real Estate Income Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 9.51%. The ex-dividend date was Thursday, March 14th.

Institutional Trading of Nuveen Real Estate Income Fund

Several hedge funds have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. raised its stake in Nuveen Real Estate Income Fund by 8.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 716,102 shares of the company’s stock worth $4,798,000 after buying an additional 57,490 shares during the period. Baird Financial Group Inc. raised its stake in shares of Nuveen Real Estate Income Fund by 6.2% in the 4th quarter. Baird Financial Group Inc. now owns 431,738 shares of the company’s stock valued at $3,376,000 after purchasing an additional 25,313 shares during the period. Cornerstone Advisors LLC raised its stake in shares of Nuveen Real Estate Income Fund by 32.4% in the 4th quarter. Cornerstone Advisors LLC now owns 369,123 shares of the company’s stock valued at $2,887,000 after purchasing an additional 90,357 shares during the period. Private Advisor Group LLC raised its stake in shares of Nuveen Real Estate Income Fund by 9.0% in the 4th quarter. Private Advisor Group LLC now owns 311,566 shares of the company’s stock valued at $2,436,000 after purchasing an additional 25,854 shares during the period. Finally, Pathstone Holdings LLC acquired a new stake in shares of Nuveen Real Estate Income Fund in the 4th quarter valued at about $2,411,000.

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.