Nuveen Real Estate Income Fund (NYSE:JRS) Stock Crosses Below Fifty Day Moving Average – What’s Next?

Nuveen Real Estate Income Fund (NYSE:JRS)’s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $8.55 and traded as low as $8.17. Nuveen Real Estate Income Fund shares last traded at $8.21, with a volume of 88,719 shares trading hands.

Nuveen Real Estate Income Fund Price Performance

The firm has a 50 day moving average of $8.55 and a 200-day moving average of $8.84.

Nuveen Real Estate Income Fund Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 8.28%. The ex-dividend date is Friday, March 14th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JRS. Invesco Ltd. boosted its stake in shares of Nuveen Real Estate Income Fund by 1.0% during the 4th quarter. Invesco Ltd. now owns 142,367 shares of the company’s stock valued at $1,229,000 after buying an additional 1,372 shares during the period. Mutual Advisors LLC raised its holdings in shares of Nuveen Real Estate Income Fund by 4.3% during the fourth quarter. Mutual Advisors LLC now owns 84,713 shares of the company’s stock worth $725,000 after acquiring an additional 3,518 shares in the last quarter. Cetera Investment Advisers boosted its position in Nuveen Real Estate Income Fund by 4.2% during the fourth quarter. Cetera Investment Advisers now owns 95,346 shares of the company’s stock valued at $823,000 after purchasing an additional 3,825 shares during the last quarter. Stifel Financial Corp grew its stake in Nuveen Real Estate Income Fund by 12.4% in the fourth quarter. Stifel Financial Corp now owns 36,266 shares of the company’s stock valued at $313,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in Nuveen Real Estate Income Fund by 15.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 40,349 shares of the company’s stock worth $348,000 after purchasing an additional 5,251 shares during the last quarter.

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.