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 Up 0.4 %

The firm’s 50 day moving average is $7.63 and its two-hundred day moving average is $7.30.

Nuveen Real Estate Income Fund Announces Dividend

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 $0.17 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.68 annualized dividend and a dividend yield of 9.51%.

Institutional Trading of Nuveen Real Estate Income Fund

Several institutional investors have recently modified their holdings of the business. Advisor Resource Council bought a new stake in Nuveen Real Estate Income Fund during the first quarter valued at $84,000. Able Wealth Management LLC bought a new stake in Nuveen Real Estate Income Fund during the fourth quarter valued at $35,000. Flow State Investments L.P. bought a new stake in Nuveen Real Estate Income Fund during the fourth quarter valued at $179,000. Baird Financial Group Inc. boosted its position in Nuveen Real Estate Income Fund by 6.2% during the fourth quarter. Baird Financial Group Inc. now owns 431,738 shares of the company’s stock valued at $3,376,000 after acquiring an additional 25,313 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in Nuveen Real Estate Income Fund by 22.0% during the fourth quarter. Royal Bank of Canada now owns 95,987 shares of the company’s stock valued at $751,000 after acquiring an additional 17,297 shares during the last quarter.

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.