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

Nuveen Real Estate Income Fund (NYSE:JRS) shares crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $8.75 and traded as low as $8.47. Nuveen Real Estate Income Fund shares last traded at $8.54, with a volume of 91,722 shares traded.

Nuveen Real Estate Income Fund Stock Performance

The firm’s 50 day simple moving average is $8.75 and its 200-day simple moving average is $8.82.

Nuveen Real Estate Income Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.68 annualized dividend and a yield of 7.97%.

Institutional Investors Weigh In On Nuveen Real Estate Income Fund

Several institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. grew its stake in Nuveen Real Estate Income Fund by 18.1% during the second 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. Mutual Advisors LLC lifted its position in shares of Nuveen Real Estate Income Fund by 4.3% during the fourth quarter. Mutual Advisors LLC now owns 84,713 shares of the company’s stock worth $725,000 after purchasing an additional 3,518 shares in the last quarter. Stifel Financial Corp lifted its position in shares of 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 in the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of Nuveen Real Estate Income Fund during the fourth quarter worth $52,000. Finally, MML Investors Services LLC acquired a new position in shares of Nuveen Real Estate Income Fund during the third quarter worth $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.