Nuveen Real Estate Income Fund (NYSE:JRS) Share Price Crosses Below 50-Day Moving Average – Time to Sell?

Nuveen Real Estate Income Fund (NYSE:JRS)’s stock price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $9.10 and traded as low as $8.39. Nuveen Real Estate Income Fund shares last traded at $8.51, with a volume of 42,984 shares trading hands.

Nuveen Real Estate Income Fund Trading Up 1.3 %

The business has a fifty day moving average price of $9.10 and a two-hundred day moving average price of $8.64.

Nuveen Real Estate Income Fund Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 7.99%. The ex-dividend date of this dividend is Friday, December 13th.

Hedge Funds Weigh In On Nuveen Real Estate Income Fund

A number of hedge funds have recently made changes to their positions in JRS. MML Investors Services LLC acquired a new position in Nuveen Real Estate Income Fund during the third quarter worth $140,000. Stifel Financial Corp increased its stake in 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 worth $300,000 after purchasing an additional 5,341 shares during the period. Pathstone Holdings LLC lifted its position in shares of Nuveen Real Estate Income Fund by 40.9% during the third quarter. Pathstone Holdings LLC now owns 619,779 shares of the company’s stock worth $5,765,000 after purchasing an additional 179,819 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of Nuveen Real Estate Income Fund by 838.0% in the third quarter. International Assets Investment Management LLC now owns 37,455 shares of the company’s stock valued at $348,000 after purchasing an additional 33,462 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its holdings 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 purchasing an additional 1,980 shares in the last quarter.

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.