Nuveen Real Estate Income Fund (NYSE:JRS) Share Price Crosses Below 50-Day Moving Average of $9.68

Nuveen Real Estate Income Fund (NYSE:JRSGet Rating)’s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $9.68 and traded as low as $8.62. Nuveen Real Estate Income Fund shares last traded at $8.76, with a volume of 61,079 shares traded.

Nuveen Real Estate Income Fund Stock Down 1.1 %

The business has a fifty day moving average of $9.68 and a 200 day moving average of $10.34.

Nuveen Real Estate Income Fund Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Thursday, September 15th will be issued a dividend of $0.209 per share. The ex-dividend date is Wednesday, September 14th. This represents a $0.84 annualized dividend and a yield of 9.54%.

Hedge Funds Weigh In On Nuveen Real Estate Income Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC acquired a new position in Nuveen Real Estate Income Fund during the first quarter valued at approximately $28,000. Rise Advisors LLC bought a new stake in shares of Nuveen Real Estate Income Fund in the fourth quarter valued at approximately $34,000. US Bancorp DE bought a new stake in shares of Nuveen Real Estate Income Fund in the second quarter valued at approximately $52,000. Virtu Financial LLC bought a new stake in shares of Nuveen Real Estate Income Fund in the second quarter valued at approximately $107,000. Finally, North Star Asset Management Inc. bought a new stake in shares of Nuveen Real Estate Income Fund in the first quarter valued at approximately $119,000.

Nuveen Real Estate Income Fund Company Profile

(Get Rating)

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.

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