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

Nuveen Real Estate Income Fund (NYSE:JRS) shares crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $8.96 and traded as low as $8.94. Nuveen Real Estate Income Fund shares last traded at $8.98, with a volume of 45,798 shares traded.

Nuveen Real Estate Income Fund Trading Down 0.1 %

The company has a 50-day moving average of $8.98 and a 200 day moving average of $8.13.

Nuveen Real Estate Income Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th were issued a dividend of $0.17 per share. The ex-dividend date was Friday, September 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 7.56%.

Institutional Investors Weigh In On Nuveen Real Estate Income Fund

Several large investors have recently made changes to their positions in the company. Advisor Resource Council bought a new position in Nuveen Real Estate Income Fund during the 1st quarter valued at about $84,000. Private Advisor Group LLC boosted its holdings in shares of Nuveen Real Estate Income Fund by 5.8% in the 1st quarter. Private Advisor Group LLC now owns 329,658 shares of the company’s stock worth $2,604,000 after acquiring an additional 18,092 shares in the last quarter. Avantax Advisory Services Inc. bought a new stake in Nuveen Real Estate Income Fund during the 1st quarter worth approximately $87,000. Advisors Asset Management Inc. grew its position in Nuveen Real Estate Income Fund by 11.5% during the 1st quarter. Advisors Asset Management Inc. now owns 829,388 shares of the company’s stock worth $6,552,000 after acquiring an additional 85,823 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in Nuveen Real Estate Income Fund during the 2nd quarter valued at $31,000.

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.