Nuveen Real Estate Income Fund (NYSE:JRS) Stock Passes Below 50-Day Moving Average – Should You Sell?

Nuveen Real Estate Income Fund (NYSE:JRS – Get Free Report)’s share price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $8.40 and traded as low as $7.63. Nuveen Real Estate Income Fund shares last traded at $7.6750, with a volume of 23,919 shares trading hands.

Nuveen Real Estate Income Fund Stock Down 0.7%

The business has a 50 day moving average of $8.40 and a 200 day moving average of $8.19.

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Nuveen Real Estate Income Fund Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be given a dividend of $0.19 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.76 annualized dividend and a dividend yield of 9.9%.

Institutional Trading of Nuveen Real Estate Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Nuveen Real Estate Income Fund during the 2nd quarter worth approximately $51,000. Harbour Investments Inc. raised its position in shares of Nuveen Real Estate Income Fund by 224.2% in the 4th quarter. Harbour Investments Inc. now owns 8,380 shares of the company’s stock worth $64,000 after acquiring an additional 5,795 shares in the last quarter. Readystate Asset Management LP purchased a new position in shares of Nuveen Real Estate Income Fund in the 1st quarter valued at approximately $79,000. Susquehanna International Group LLP purchased a new position in shares of Nuveen Real Estate Income Fund in the 2nd quarter valued at approximately $86,000. Finally, Kestra Advisory Services LLC boosted its position in shares of Nuveen Real Estate Income Fund by 16.2% during the first quarter. Kestra Advisory Services LLC now owns 33,791 shares of the company’s stock valued at $252,000 after purchasing an additional 4,707 shares in the last quarter.

Nuveen Real Estate Income Fund Company Profile

(Get Free Report)

Nuveen Real Estate Income Fund (NYSE: JRS) is a diversified closed-end management investment company that seeks to provide shareholders with attractive levels of current income. The fund pursues its objective through investments primarily in equity and debt securities of real estate companies, including publicly traded REITs, real estate operating companies and mortgage-backed securities. By holding a mixture of equity and fixed-income positions, it aims to achieve a balance of income generation and potential for capital appreciation.

The fund’s portfolio construction emphasizes diversification across geographic regions and real estate sectors.

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