Nuveen Real Estate Income Fund (NYSE:JRS) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Nuveen Real Estate Income Fund (NYSE:JRS)’s share price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $8.08 and traded as low as $7.70. Nuveen Real Estate Income Fund shares last traded at $7.78, with a volume of 63,068 shares changing hands.

Nuveen Real Estate Income Fund Price Performance

The firm’s 50-day moving average is $8.06 and its 200 day moving average is $8.59.

Nuveen Real Estate Income Fund Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 8.74%. The ex-dividend date was Friday, March 14th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Invesco Ltd. raised its position in Nuveen Real Estate Income Fund by 1.0% in the fourth quarter. Invesco Ltd. now owns 142,367 shares of the company’s stock worth $1,229,000 after acquiring an additional 1,372 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Nuveen Real Estate Income Fund during the 4th quarter valued at approximately $615,000. Shaker Financial Services LLC acquired a new stake in shares of Nuveen Real Estate Income Fund in the 4th quarter worth approximately $364,000. Advisory Services Network LLC purchased a new position in Nuveen Real Estate Income Fund in the 4th quarter valued at approximately $709,000. Finally, Raymond James Financial Inc. purchased a new stake in Nuveen Real Estate Income Fund during the fourth quarter worth $438,000.

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.