Nuveen Real Estate Income Fund (NYSE:JRS) Stock Passes Above 50-Day Moving Average – Should You Sell?

Nuveen Real Estate Income Fund (NYSE:JRS) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $7.82 and traded as high as $8.06. Nuveen Real Estate Income Fund shares last traded at $8.02, with a volume of 59,955 shares traded.

Nuveen Real Estate Income Fund Stock Performance

The company has a 50-day moving average of $7.82 and a two-hundred day moving average of $8.47.

Nuveen Real Estate Income Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were given a dividend of $0.17 per share. The ex-dividend date was Friday, March 14th. This represents a $0.68 annualized dividend and a yield of 8.48%.

Hedge Funds Weigh In On Nuveen Real Estate Income Fund

Several large investors have recently added to or reduced their stakes in the business. Invesco Ltd. lifted its position in Nuveen Real Estate Income Fund by 1.0% during the fourth quarter. Invesco Ltd. now owns 142,367 shares of the company’s stock worth $1,229,000 after buying an additional 1,372 shares during the period. Oppenheimer & Co. Inc. lifted its position in Nuveen Real Estate Income Fund by 4.6% during the first quarter. Oppenheimer & Co. Inc. now owns 34,772 shares of the company’s stock worth $287,000 after buying an additional 1,544 shares during the period. Private Advisor Group LLC lifted its position in Nuveen Real Estate Income Fund by 0.5% during the first quarter. Private Advisor Group LLC now owns 382,690 shares of the company’s stock worth $3,153,000 after buying an additional 2,065 shares during the period. Mutual Advisors LLC lifted its position in 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 buying an additional 3,518 shares during the period. Finally, Cetera Investment Advisers raised its holdings in shares of Nuveen Real Estate Income Fund by 4.2% in the 4th quarter. Cetera Investment Advisers now owns 95,346 shares of the company’s stock worth $823,000 after purchasing an additional 3,825 shares during the period.

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.