Nuveen Real Estate Income Fund (NYSE:JRS) Shares Pass Above Fifty Day Moving Average of $7.47

Posted by MarketBeat News on May 26th, 2024

Nuveen Real Estate Income Fund (NYSE:JRS – Get Free Report) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $7.47 and traded as high as $7.47. Nuveen Real Estate Income Fund shares last traded at $7.41, with a volume of 46,319 shares trading hands.

Nuveen Real Estate Income Fund Price Performance

The business has a 50-day simple moving average of $7.46 and a two-hundred day simple moving average of $7.47.

Nuveen Real Estate Income Fund Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were issued a $0.17 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.68 annualized dividend and a yield of 9.18%.

Hedge Funds Weigh In On Nuveen Real Estate Income Fund

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Able Wealth Management LLC acquired a new stake in shares of Nuveen Real Estate Income Fund in the fourth quarter worth $35,000. NBC Securities Inc. bought a new position in Nuveen Real Estate Income Fund in the 3rd quarter worth $46,000. Advisor Resource Council acquired a new position in Nuveen Real Estate Income Fund during the 1st quarter worth $84,000. Avantax Advisory Services Inc. bought a new stake in Nuveen Real Estate Income Fund during the first quarter valued at about $87,000. Finally, Forte Capital LLC ADV acquired a new stake in shares of Nuveen Real Estate Income Fund in the fourth quarter valued at about $99,000.

About Nuveen Real Estate Income Fund

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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.