Nuveen Real Estate Income Fund (NYSE:JRS) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

Nuveen Real Estate Income Fund (NYSE:JRS) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $8.47 and traded as high as $8.73. Nuveen Real Estate Income Fund shares last traded at $8.49, with a volume of 94,641 shares.

Nuveen Real Estate Income Fund Trading Up 0.5%

The stock has a 50 day moving average of $8.47 and a 200-day moving average of $8.12.

Nuveen Real Estate Income Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th were paid a $0.19 dividend. The ex-dividend date was Monday, June 15th. This is a positive change from Nuveen Real Estate Income Fund’s previous quarterly dividend of $0.17. This represents a $0.76 dividend on an annualized basis and a yield of 9.0%.

Institutional Trading of Nuveen Real Estate Income Fund

A number of large investors have recently made changes to their positions in JRS. Pathstone Holdings LLC boosted its stake in shares of Nuveen Real Estate Income Fund by 26.4% during the third quarter. Pathstone Holdings LLC now owns 674,774 shares of the company’s stock valued at $5,520,000 after purchasing an additional 140,914 shares during the period. Advisors Asset Management Inc. increased its stake in Nuveen Real Estate Income Fund by 14.4% in the 4th quarter. Advisors Asset Management Inc. now owns 665,520 shares of the company’s stock worth $5,098,000 after buying an additional 83,927 shares during the period. Kanen Wealth Management LLC lifted its holdings in Nuveen Real Estate Income Fund by 9.8% during the 1st quarter. Kanen Wealth Management LLC now owns 528,047 shares of the company’s stock valued at $3,939,000 after buying an additional 47,108 shares in the last quarter. Private Advisor Group LLC boosted its position in Nuveen Real Estate Income Fund by 0.7% in the 4th quarter. Private Advisor Group LLC now owns 401,005 shares of the company’s stock valued at $3,072,000 after buying an additional 2,755 shares during the period. Finally, LPL Financial LLC boosted its position in Nuveen Real Estate Income Fund by 4.8% in the 4th quarter. LPL Financial LLC now owns 218,665 shares of the company’s stock valued at $1,675,000 after buying an additional 10,056 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.