Nuveen Real Estate Income Fund (NYSE:JRS) Shares Pass Above 50-Day Moving Average of $8.59

Shares of Nuveen Real Estate Income Fund (NYSE:JRS) crossed 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 trading hands.

Nuveen Real Estate Income Fund Trading Down 2.1 %

The business has a fifty day moving average of $8.59 and a 200-day moving average of $7.90.

Nuveen Real Estate Income Fund Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 7.61%.

Institutional Trading of Nuveen Real Estate Income Fund

Large investors have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. increased its holdings in shares of Nuveen Real Estate Income Fund by 11.5% in the first 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. Steward Partners Investment Advisory LLC acquired a new stake in shares of Nuveen Real Estate Income Fund during the fourth quarter worth $360,000. Private Advisor Group LLC lifted its holdings in shares of Nuveen Real Estate Income Fund by 11.7% during 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 during the last quarter. Flow State Investments L.P. acquired a new position in shares of Nuveen Real Estate Income Fund in the 4th quarter valued at $179,000. Finally, Karpus Management Inc. purchased a new position in Nuveen Real Estate Income Fund in the 4th quarter worth about $112,000.

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.