Nuveen Real Estate Income Fund (NYSE:JRS) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Nuveen Real Estate Income Fund (NYSE:JRS)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $8.80 and traded as low as $8.65. Nuveen Real Estate Income Fund shares last traded at $8.73, with a volume of 87,576 shares changing hands.

Nuveen Real Estate Income Fund Price Performance

The business has a 50-day moving average of $8.84 and a 200 day moving average of $8.80.

Nuveen Real Estate Income Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.68 annualized dividend and a dividend yield of 7.79%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of JRS. Geneos Wealth Management Inc. bought a new position in Nuveen Real Estate Income Fund during the fourth quarter valued at $52,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Nuveen Real Estate Income Fund by 18.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 12,923 shares of the company’s stock valued at $99,000 after acquiring an additional 1,980 shares during the period. MML Investors Services LLC bought a new stake in shares of Nuveen Real Estate Income Fund in the 3rd quarter worth about $140,000. Stifel Financial Corp boosted its stake in shares of Nuveen Real Estate Income Fund by 19.8% during the 3rd quarter. Stifel Financial Corp now owns 32,266 shares of the company’s stock worth $300,000 after purchasing an additional 5,341 shares during the period. Finally, International Assets Investment Management LLC boosted its stake in shares of Nuveen Real Estate Income Fund by 838.0% during the 3rd quarter. International Assets Investment Management LLC now owns 37,455 shares of the company’s stock worth $348,000 after purchasing an additional 33,462 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.