Nuveen Real Estate Income Fund (NYSE:JRS) Stock Passes Below Fifty Day Moving Average – Here’s Why

Shares of Nuveen Real Estate Income Fund (NYSE:JRS) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $9.04 and traded as low as $8.56. Nuveen Real Estate Income Fund shares last traded at $8.63, with a volume of 128,328 shares.

Nuveen Real Estate Income Fund Stock Performance

The stock’s 50 day simple moving average is $9.04 and its two-hundred day simple moving average is $8.68.

Nuveen Real Estate Income Fund Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid 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 7.88%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC bought a new stake in shares of Nuveen Real Estate Income Fund in the 2nd quarter valued at approximately $31,000. Northwestern Mutual Wealth Management Co. grew its position in 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 acquired a new position in Nuveen Real Estate Income Fund during the third quarter worth $140,000. Stifel Financial Corp lifted its holdings in shares of Nuveen Real Estate Income Fund by 19.8% during the third quarter. Stifel Financial Corp now owns 32,266 shares of the company’s stock valued at $300,000 after acquiring an additional 5,341 shares during the period. Finally, Private Advisor Group LLC boosted its stake in shares of Nuveen Real Estate Income Fund by 11.7% in the 2nd quarter. Private Advisor Group LLC now owns 368,308 shares of the company’s stock valued at $2,814,000 after purchasing an additional 38,650 shares in the last quarter.

About Nuveen Real Estate Income Fund

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.