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

Shares of Nuveen Real Estate Income Fund (NYSE:JRS) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $7.93 and traded as low as $7.72. Nuveen Real Estate Income Fund shares last traded at $7.7750, with a volume of 43,182 shares.

Nuveen Real Estate Income Fund Price Performance

The company’s 50-day moving average is $7.93 and its 200-day moving average is $7.92.

Nuveen Real Estate Income Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.68 annualized dividend and a dividend yield of 8.7%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JRS. Farther Finance Advisors LLC acquired a new stake in Nuveen Real Estate Income Fund during the second quarter worth about $30,000. Elequin Capital LP purchased a new position in Nuveen Real Estate Income Fund in the first quarter valued at approximately $45,000. Geneos Wealth Management Inc. raised its holdings in Nuveen Real Estate Income Fund by 41.3% in the first quarter. Geneos Wealth Management Inc. now owns 8,552 shares of the company’s stock valued at $70,000 after buying an additional 2,500 shares during the period. Colonial Trust Advisors acquired a new position in Nuveen Real Estate Income Fund during the second quarter valued at approximately $76,000. Finally, Kanen Wealth Management LLC purchased a new stake in Nuveen Real Estate Income Fund during the third quarter worth approximately $97,000.

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.