Principal Real Estate Income Fund (NYSE:PGZ) Shares Down 0.9%

Shares of Principal Real Estate Income Fund (NYSE:PGZ) traded down 0.9% on Thursday . The company traded as low as $9.74 and last traded at $9.79. 18,023 shares traded hands during mid-day trading, a decline of 20% from the average session volume of 22,445 shares. The stock had previously closed at $9.87.

Principal Real Estate Income Fund Stock Down 0.9 %

The company has a fifty day moving average of $10.13 and a 200 day moving average of $9.61.

Principal Real Estate Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Thursday, May 16th will be issued a dividend of $0.105 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 12.88%. The ex-dividend date of this dividend is Wednesday, May 15th.

Hedge Funds Weigh In On Principal Real Estate Income Fund

A number of institutional investors have recently modified their holdings of the company. International Assets Investment Management LLC raised its position in shares of Principal Real Estate Income Fund by 9.1% during the first quarter. International Assets Investment Management LLC now owns 13,156 shares of the company’s stock worth $135,000 after purchasing an additional 1,100 shares during the period. SeaCrest Wealth Management LLC raised its position in Principal Real Estate Income Fund by 23.7% in the 4th quarter. SeaCrest Wealth Management LLC now owns 17,416 shares of the company’s stock valued at $164,000 after buying an additional 3,340 shares during the last quarter. Blue Bell Private Wealth Management LLC purchased a new stake in Principal Real Estate Income Fund in the 4th quarter valued at $55,000. Clough Capital Partners L P raised its position in Principal Real Estate Income Fund by 19.8% in the 3rd quarter. Clough Capital Partners L P now owns 52,029 shares of the company’s stock valued at $470,000 after buying an additional 8,600 shares during the last quarter. Finally, Bulldog Investors LLP raised its position in Principal Real Estate Income Fund by 59.2% in the 4th quarter. Bulldog Investors LLP now owns 301,126 shares of the company’s stock valued at $2,846,000 after buying an additional 111,940 shares during the last quarter.

About Principal Real Estate Income Fund

Principal Real Estate Income Fund is a closed ended balanced mutual fund launched and managed by ALPS Advisers, Inc It is co-managed by Principal Real Estate Investors, LLC. The fund invests in public equity and fixed income markets of the United States. It seeks to invest in commercial mortgage backed securities, real estate investment trusts and REIT-like entities.