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

Nuveen Real Estate Income Fund (NYSE:JRS) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $8.75 and traded as low as $8.47. Nuveen Real Estate Income Fund shares last traded at $8.54, with a volume of 91,722 shares.

Nuveen Real Estate Income Fund Trading Down 0.5 %

The business’s fifty day moving average price is $8.75 and its 200 day moving average price is $8.82.

Nuveen Real Estate Income Fund Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.68 dividend on an annualized basis and a yield of 7.97%.

Institutional Investors Weigh In On Nuveen Real Estate Income Fund

A number of institutional investors have recently bought and sold shares of the stock. Pathstone Holdings LLC grew its holdings in Nuveen Real Estate Income Fund by 40.9% in the third quarter. Pathstone Holdings LLC now owns 619,779 shares of the company’s stock valued at $5,765,000 after purchasing an additional 179,819 shares during the period. Private Advisor Group LLC grew its holdings in Nuveen Real Estate Income Fund by 5.1% in the fourth quarter. Private Advisor Group LLC now owns 380,625 shares of the company’s stock valued at $3,285,000 after purchasing an additional 18,479 shares during the period. Mutual Advisors LLC grew its holdings in Nuveen Real Estate Income Fund by 4.3% in the fourth quarter. Mutual Advisors LLC now owns 84,713 shares of the company’s stock valued at $725,000 after purchasing an additional 3,518 shares during the period. International Assets Investment Management LLC grew its holdings in Nuveen Real Estate Income Fund by 838.0% in the third quarter. International Assets Investment Management LLC now owns 37,455 shares of the company’s stock valued at $348,000 after purchasing an additional 33,462 shares during the period. Finally, Stifel Financial Corp grew its holdings in Nuveen Real Estate Income Fund by 19.8% in the third quarter. Stifel Financial Corp now owns 32,266 shares of the company’s stock valued at $300,000 after purchasing an additional 5,341 shares during the period.

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.