Nuveen Real Estate Income Fund (NYSE:JRS) Stock Passes Below Fifty Day Moving Average – Time to Sell?

Nuveen Real Estate Income Fund (NYSE:JRS)’s share price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $8.99 and traded as low as $8.27. Nuveen Real Estate Income Fund shares last traded at $8.44, with a volume of 68,448 shares changing hands.

Nuveen Real Estate Income Fund Stock Performance

The firm has a 50 day moving average of $8.97 and a 200-day moving average of $8.72.

Nuveen Real Estate Income Fund Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a $0.17 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.68 annualized dividend and a yield of 8.27%.

Institutional Trading of Nuveen Real Estate Income Fund

Institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. lifted its position in shares of Nuveen Real Estate Income Fund by 18.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 12,923 shares of the company’s stock worth $99,000 after buying an additional 1,980 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Nuveen Real Estate Income Fund by 838.0% during the third quarter. International Assets Investment Management LLC now owns 37,455 shares of the company’s stock valued at $348,000 after acquiring an additional 33,462 shares during the period. Pathstone Holdings LLC boosted its stake in shares of Nuveen Real Estate Income Fund by 40.9% in the 3rd 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 in the last quarter. Stifel Financial Corp grew its holdings in shares of Nuveen Real Estate Income Fund by 19.8% in 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 last quarter. Finally, MML Investors Services LLC acquired a new stake in shares of Nuveen Real Estate Income Fund during the 3rd quarter worth about $140,000.

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.