Nuveen Real Estate Income Fund (NYSE:JRS) Stock Passes Above Fifty Day Moving Average of $8.59

Shares of Nuveen Real Estate Income Fund (NYSE:JRS) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $8.59 and traded as high as $9.14. Nuveen Real Estate Income Fund shares last traded at $8.94, with a volume of 80,994 shares traded.

Nuveen Real Estate Income Fund Price Performance

The firm’s fifty day moving average price is $8.59 and its 200 day moving average price is $7.90.

Nuveen Real Estate Income Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 7.61%. The ex-dividend date is Friday, September 13th.

Institutional Investors Weigh In On Nuveen Real Estate Income Fund

Large investors have recently made changes to their positions in the company. Advisors Asset Management Inc. grew its holdings 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 valued at $6,552,000 after buying an additional 85,823 shares in the last quarter. Private Advisor Group LLC grew its holdings in shares of Nuveen Real Estate Income Fund by 11.7% in the second 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. Steward Partners Investment Advisory LLC bought a new stake in Nuveen Real Estate Income Fund in the fourth quarter worth $360,000. Flow State Investments L.P. purchased a new stake in Nuveen Real Estate Income Fund during the fourth quarter valued at $179,000. Finally, Quantedge Capital Pte Ltd lifted its position in Nuveen Real Estate Income Fund by 9.9% during the fourth quarter. Quantedge Capital Pte Ltd now owns 17,800 shares of the company’s stock valued at $139,000 after purchasing an additional 1,600 shares during 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.