Nuveen Real Estate Income Fund (NYSE:JRS) Share Price Passes Below 50-Day Moving Average of $7.55

Posted by Stuart Ham on May 9th, 2024

Nuveen Real Estate Income Fund (NYSE:JRS – Get Free Report)’s stock price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $7.55 and traded as low as $7.32. Nuveen Real Estate Income Fund shares last traded at $7.33, with a volume of 71,871 shares changing hands.

Nuveen Real Estate Income Fund Stock Down 1.2 %

The company’s fifty day moving average price is $7.55 and its two-hundred day moving average price is $7.37.

Nuveen Real Estate Income Fund Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were given a dividend of $0.17 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.68 annualized dividend and a yield of 9.28%.

Hedge Funds Weigh In On Nuveen Real Estate Income Fund

Several large investors have recently made changes to their positions in JRS. Able Wealth Management LLC acquired a new position in Nuveen Real Estate Income Fund in the fourth quarter valued at about $35,000. NBC Securities Inc. acquired a new stake in shares of Nuveen Real Estate Income Fund in the 3rd quarter valued at approximately $46,000. Advisor Resource Council bought a new position in Nuveen Real Estate Income Fund during the 1st quarter worth approximately $84,000. Avantax Advisory Services Inc. acquired a new position in Nuveen Real Estate Income Fund during the first quarter valued at approximately $87,000. Finally, Forte Capital LLC ADV acquired a new position in Nuveen Real Estate Income Fund during the fourth quarter valued at approximately $99,000.

About Nuveen Real Estate Income Fund

(Get Free Report)

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.