Nuveen Real Estate Income Fund (NYSE:JRS) Stock Price Passes Below 50 Day Moving Average of $7.65

Nuveen Real Estate Income Fund (NYSE:JRS)’s share price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $7.65 and traded as low as $7.41. Nuveen Real Estate Income Fund shares last traded at $7.42, with a volume of 66,973 shares.

Nuveen Real Estate Income Fund Stock Down 0.1 %

The firm’s 50 day moving average is $7.65 and its two-hundred day moving average is $7.27.

Nuveen Real Estate Income Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were paid a $0.17 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.68 annualized dividend and a dividend yield of 9.16%.

Institutional Trading of Nuveen Real Estate Income Fund

Several institutional investors have recently modified their holdings of JRS. Pathstone Holdings LLC bought a new stake in shares of Nuveen Real Estate Income Fund in the fourth quarter worth $2,411,000. Cornerstone Advisors LLC boosted its position in Nuveen Real Estate Income Fund by 114.3% during the third quarter. Cornerstone Advisors LLC now owns 278,766 shares of the company’s stock valued at $1,868,000 after acquiring an additional 148,658 shares during the last quarter. AQR Arbitrage LLC boosted its position in Nuveen Real Estate Income Fund by 331.0% during the third quarter. AQR Arbitrage LLC now owns 177,890 shares of the company’s stock valued at $1,192,000 after acquiring an additional 136,612 shares during the last quarter. Atria Wealth Solutions Inc. bought a new stake in Nuveen Real Estate Income Fund during the first quarter valued at $1,529,000. Finally, Saba Capital Management L.P. bought a new stake in Nuveen Real Estate Income Fund during the third quarter valued at $729,000.

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.