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

Nuveen Real Estate Income Fund (NYSE:JRS)’s stock price 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 Trading Up 0.3%

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

Nuveen Real Estate Income Fund Dividend Announcement

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

Institutional Investors Weigh In On Nuveen Real Estate Income Fund

Hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC purchased a new position in Nuveen Real Estate Income Fund in the second quarter valued at $30,000. Elequin Capital LP purchased a new position in shares of Nuveen Real Estate Income Fund in the 1st quarter valued at about $45,000. Geneos Wealth Management Inc. raised 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 purchasing an additional 2,500 shares during the period. Colonial Trust Advisors acquired a new position in Nuveen Real Estate Income Fund in the 2nd quarter worth about $76,000. Finally, Kanen Wealth Management LLC purchased a new position 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.