Nuveen Real Estate Income Fund (NYSE:JRS) Stock Price Passes Above 50 Day Moving Average – Time to Sell?

Nuveen Real Estate Income Fund (NYSE:JRS) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $8.43 and traded as high as $8.79. Nuveen Real Estate Income Fund shares last traded at $8.6620, with a volume of 75,611 shares trading hands.

Nuveen Real Estate Income Fund Stock Down 0.3%

The company has a fifty day moving average price of $8.43 and a two-hundred day moving average price of $8.09.

Nuveen Real Estate Income Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 15th were given a $0.19 dividend. This is a positive change from Nuveen Real Estate Income Fund’s previous quarterly dividend of $0.17. The ex-dividend date was Monday, June 15th. This represents a $0.76 annualized dividend and a yield of 8.8%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of JRS. Royal Bank of Canada increased its stake in Nuveen Real Estate Income Fund by 6.3% in the first quarter. Royal Bank of Canada now owns 123,958 shares of the company’s stock valued at $1,021,000 after purchasing an additional 7,381 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of Nuveen Real Estate Income Fund by 41.3% during the first quarter. Geneos Wealth Management Inc. now owns 8,552 shares of the company’s stock worth $70,000 after buying an additional 2,500 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Nuveen Real Estate Income Fund by 23.6% during the second quarter. Ameriprise Financial Inc. now owns 128,799 shares of the company’s stock worth $1,002,000 after buying an additional 24,599 shares during the last quarter. Bank of America Corp DE increased its position in Nuveen Real Estate Income Fund by 12.7% in the 2nd quarter. Bank of America Corp DE now owns 52,863 shares of the company’s stock valued at $411,000 after acquiring an additional 5,960 shares during the period. Finally, Advisory Services Network LLC increased its position in Nuveen Real Estate Income Fund by 14.9% in the 2nd quarter. Advisory Services Network LLC now owns 102,626 shares of the company’s stock valued at $786,000 after acquiring an additional 13,324 shares during the period.

Nuveen Real Estate Income Fund Company Profile

Nuveen Real Estate Income Fund (NYSE: JRS) is a diversified closed-end management investment company that seeks to provide shareholders with attractive levels of current income. The fund pursues its objective through investments primarily in equity and debt securities of real estate companies, including publicly traded REITs, real estate operating companies and mortgage-backed securities. By holding a mixture of equity and fixed-income positions, it aims to achieve a balance of income generation and potential for capital appreciation.

The fund’s portfolio construction emphasizes diversification across geographic regions and real estate sectors.