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

Nuveen Real Estate Income Fund (NYSE:JRS) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $7.83 and traded as low as $7.74. Nuveen Real Estate Income Fund shares last traded at $7.75, with a volume of 65,344 shares traded.

Nuveen Real Estate Income Fund Price Performance

The firm has a 50-day moving average price of $7.83 and a 200-day moving average price of $8.23.

Nuveen Real Estate Income Fund Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 8.77%. The ex-dividend date is Friday, June 13th.

Hedge Funds Weigh In On Nuveen Real Estate Income Fund

Several large investors have recently modified their holdings of the stock. Invesco Ltd. raised its position in shares of Nuveen Real Estate Income Fund by 1.0% in the 4th quarter. Invesco Ltd. now owns 142,367 shares of the company’s stock worth $1,229,000 after purchasing an additional 1,372 shares during the last quarter. Oppenheimer & Co. Inc. increased its holdings in Nuveen Real Estate Income Fund by 4.6% in the 1st quarter. Oppenheimer & Co. Inc. now owns 34,772 shares of the company’s stock worth $287,000 after buying an additional 1,544 shares in the last quarter. Private Advisor Group LLC increased its holdings in Nuveen Real Estate Income Fund by 0.5% in the 1st 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 in the last quarter. Geneos Wealth Management Inc. increased its holdings in Nuveen Real Estate Income Fund by 41.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 8,552 shares of the company’s stock worth $70,000 after buying an additional 2,500 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in 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 buying an additional 3,825 shares in the last quarter.

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.