Nuveen Real Estate Income Fund (NYSE:JRS) Stock Crosses Above 50-Day Moving Average – Here’s Why

Nuveen Real Estate Income Fund (NYSE:JRS)’s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $8.55 and traded as high as $8.68. Nuveen Real Estate Income Fund shares last traded at $8.63, with a volume of 50,992 shares.

Nuveen Real Estate Income Fund Trading Down 0.4 %

The company’s 50 day moving average is $8.55 and its 200-day moving average is $8.86.

Nuveen Real Estate Income Fund Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 7.88%. The ex-dividend date was Friday, December 13th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. acquired a new position in Nuveen Real Estate Income Fund during the 4th quarter worth $52,000. Bay Capital Advisors LLC acquired a new position in Nuveen Real Estate Income Fund during the 4th quarter worth $120,000. Citadel Advisors LLC acquired a new position in Nuveen Real Estate Income Fund during the 4th quarter worth $128,000. MML Investors Services LLC acquired a new position in Nuveen Real Estate Income Fund during the 3rd quarter worth $140,000. Finally, Mariner LLC acquired a new position in Nuveen Real Estate Income Fund during the 4th quarter worth $149,000.

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.