Principal Real Estate Income Fund (NYSE:PGZ) Shares Up 1% – What’s Next?

Shares of Principal Real Estate Income Fund (NYSE:PGZ) shot up 1% during trading on Wednesday . The stock traded as high as $10.32 and last traded at $10.29. 28,208 shares changed hands during mid-day trading, a decline of 20% from the average session volume of 35,448 shares. The stock had previously closed at $10.19.

Principal Real Estate Income Fund Trading Down 0.4 %

The stock’s 50-day simple moving average is $10.22 and its 200 day simple moving average is $10.60.

Principal Real Estate Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Thursday, February 13th will be paid a $0.105 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.26 annualized dividend and a dividend yield of 12.22%.

Institutional Trading of Principal Real Estate Income Fund

Large investors have recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in shares of Principal Real Estate Income Fund during the fourth quarter valued at approximately $336,000. Wolverine Asset Management LLC purchased a new position in Principal Real Estate Income Fund during the 4th quarter worth $557,000. J.W. Cole Advisors Inc. grew its stake in shares of Principal Real Estate Income Fund by 81.3% in the 4th quarter. J.W. Cole Advisors Inc. now owns 74,955 shares of the company’s stock worth $741,000 after acquiring an additional 33,607 shares in the last quarter. Robinson Capital Management LLC raised its holdings in shares of Principal Real Estate Income Fund by 5.7% in the fourth quarter. Robinson Capital Management LLC now owns 46,008 shares of the company’s stock valued at $455,000 after purchasing an additional 2,470 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC bought a new position in shares of Principal Real Estate Income Fund during the third quarter valued at about $1,475,000.

About Principal Real Estate Income Fund

Principal Real Estate Income Fund is a closed ended balanced mutual fund launched and managed by ALPS Advisers, Inc It is co-managed by Principal Real Estate Investors, LLC. The fund invests in public equity and fixed income markets of the United States. It seeks to invest in commercial mortgage backed securities, real estate investment trusts and REIT-like entities.