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

Nuveen Real Estate Income Fund (NYSE:JRS)’s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $8.23 and traded as high as $8.60. Nuveen Real Estate Income Fund shares last traded at $8.53, with a volume of 178,642 shares traded.

Nuveen Real Estate Income Fund Trading Up 1.2%

The stock’s fifty day simple moving average is $8.23 and its two-hundred day simple moving average is $7.94.

Nuveen Real Estate Income Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 8.9%. This is a boost from Nuveen Real Estate Income Fund’s previous quarterly dividend of $0.17. The ex-dividend date was Monday, June 15th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of JRS. Janney Montgomery Scott LLC lifted its holdings in Nuveen Real Estate Income Fund by 7.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 22,794 shares of the company’s stock worth $175,000 after buying an additional 1,533 shares during the period. Mutual Advisors LLC increased its stake in shares of Nuveen Real Estate Income Fund by 2.0% in the fourth quarter. Mutual Advisors LLC now owns 90,728 shares of the company’s stock valued at $695,000 after buying an additional 1,751 shares during the period. StoneX Group Inc. increased its stake in shares of Nuveen Real Estate Income Fund by 14.1% in the fourth quarter. StoneX Group Inc. now owns 16,298 shares of the company’s stock valued at $125,000 after buying an additional 2,013 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Nuveen Real Estate Income Fund by 41.3% during the first quarter. Geneos Wealth Management Inc. now owns 8,552 shares of the company’s stock worth $70,000 after acquiring an additional 2,500 shares during the last quarter. Finally, Private Advisor Group LLC raised its position in shares of Nuveen Real Estate Income Fund by 0.7% during the fourth quarter. Private Advisor Group LLC now owns 401,005 shares of the company’s stock worth $3,072,000 after acquiring an additional 2,755 shares during the last quarter.

Nuveen Real Estate Income Fund Company Profile

Nuveen Real Estate Income Fund (NYSE: JRS) is a diversified closed-end management investment company that seeks to provide shareholders with attractive levels of current income. The fund pursues its objective through investments primarily in equity and debt securities of real estate companies, including publicly traded REITs, real estate operating companies and mortgage-backed securities. By holding a mixture of equity and fixed-income positions, it aims to achieve a balance of income generation and potential for capital appreciation.

The fund’s portfolio construction emphasizes diversification across geographic regions and real estate sectors.