Nuveen Real Estate Income Fund (NYSE:JRS) Shares Cross Below Fifty 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 Friday . The stock has a fifty day moving average of $8.09 and traded as low as $7.85. Nuveen Real Estate Income Fund shares last traded at $7.9050, with a volume of 68,563 shares traded.

Nuveen Real Estate Income Fund Stock Performance

The firm’s fifty day moving average price is $8.09 and its two-hundred day moving average price is $7.92.

Nuveen Real Estate Income Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 15th were issued a $0.17 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.68 dividend on an annualized basis and a yield of 8.6%.

Institutional Trading of Nuveen Real Estate Income Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Wolverine Asset Management LLC purchased a new position in shares of Nuveen Real Estate Income Fund during the 2nd quarter valued at approximately $2,497,000. Advisors Asset Management Inc. increased its holdings in Nuveen Real Estate Income Fund by 26.8% in the 1st quarter. Advisors Asset Management Inc. now owns 894,897 shares of the company’s stock worth $7,374,000 after acquiring an additional 188,944 shares in the last quarter. Cornerstone Advisors LLC lifted its holdings in Nuveen Real Estate Income Fund by 256.6% during the third quarter. Cornerstone Advisors LLC now owns 84,614 shares of the company’s stock valued at $692,000 after purchasing an additional 60,884 shares in the last quarter. Consolidated Portfolio Review Corp purchased a new position in Nuveen Real Estate Income Fund during the second quarter valued at $385,000. Finally, Invesco Ltd. grew its position in shares of Nuveen Real Estate Income Fund by 25.9% in the first quarter. Invesco Ltd. now owns 179,226 shares of the company’s stock valued at $1,477,000 after purchasing an additional 36,859 shares during the period.

About Nuveen Real Estate Income Fund

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.