Principal Real Estate Income Fund (NYSE:PGZ) Shares Down 0.4% – Time to Sell?

Principal Real Estate Income Fund (NYSE:PGZ)’s share price fell 0.4% on Monday . The company traded as low as $10.41 and last traded at $10.44. 17,481 shares changed hands during mid-day trading, a decline of 33% from the average session volume of 26,262 shares. The stock had previously closed at $10.48.

Principal Real Estate Income Fund Stock Performance

The firm’s 50-day simple moving average is $10.44 and its two-hundred day simple moving average is $10.35.

Principal Real Estate Income Fund Announces Dividend

The company also recently announced a — dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be given a $0.105 dividend. The ex-dividend date of this dividend is Friday, October 17th. This represents a yield of 12%.

Institutional Investors Weigh In On Principal Real Estate Income Fund

Several hedge funds have recently added to or reduced their stakes in PGZ. RFG Advisory LLC purchased a new stake in Principal Real Estate Income Fund in the 1st quarter worth approximately $163,000. Clear Creek Financial Management LLC purchased a new stake in Principal Real Estate Income Fund during the first quarter worth $178,000. Cetera Investment Advisers boosted its holdings in Principal Real Estate Income Fund by 89.4% during the fourth quarter. Cetera Investment Advisers now owns 19,849 shares of the company’s stock worth $196,000 after buying an additional 9,370 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Principal Real Estate Income Fund during the fourth quarter valued at $336,000. Finally, First Trust Advisors LP increased its holdings in Principal Real Estate Income Fund by 4.6% in the fourth quarter. First Trust Advisors LP now owns 38,321 shares of the company’s stock valued at $379,000 after buying an additional 1,688 shares in the last quarter.

Principal Real Estate Income Fund Company Profile

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.