Nuveen Real Estate Income Fund (NYSE:JRS) Share Price Crosses Below 50 Day Moving Average – Should You Sell?

Shares of Nuveen Real Estate Income Fund (NYSE:JRS) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $8.05 and traded as low as $7.67. Nuveen Real Estate Income Fund shares last traded at $7.67, with a volume of 71,143 shares trading hands.

Nuveen Real Estate Income Fund Stock Down 1.7%

The stock’s 50 day moving average price is $8.05 and its two-hundred day moving average price is $7.93.

Nuveen Real Estate Income Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th were paid a dividend of $0.17 per share. The ex-dividend date was Monday, September 15th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 8.9%.

Institutional Trading of Nuveen Real Estate Income Fund

A number of hedge funds have recently modified their holdings of the stock. Advisors Asset Management Inc. raised its position in Nuveen Real Estate Income Fund by 26.8% during the first quarter. Advisors Asset Management Inc. now owns 894,897 shares of the company’s stock valued at $7,374,000 after acquiring an additional 188,944 shares in the last quarter. Pathstone Holdings LLC grew its stake in shares of Nuveen Real Estate Income Fund by 26.4% during the 3rd quarter. Pathstone Holdings LLC now owns 674,774 shares of the company’s stock worth $5,520,000 after purchasing an additional 140,914 shares during the period. Baird Financial Group Inc. increased its holdings in shares of Nuveen Real Estate Income Fund by 6.4% during the 2nd quarter. Baird Financial Group Inc. now owns 510,390 shares of the company’s stock valued at $3,971,000 after purchasing an additional 30,790 shares in the last quarter. Private Advisor Group LLC lifted its stake in shares of Nuveen Real Estate Income Fund by 0.5% in the 1st quarter. Private Advisor Group LLC now owns 382,690 shares of the company’s stock valued at $3,153,000 after purchasing an additional 2,065 shares during the period. Finally, Wolverine Asset Management LLC purchased a new stake in Nuveen Real Estate Income Fund during the second quarter worth $2,497,000.

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.