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

Nuveen Real Estate Income Fund (NYSE:JRS) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $8.99 and traded as low as $8.27. Nuveen Real Estate Income Fund shares last traded at $8.44, with a volume of 68,448 shares changing hands.

Nuveen Real Estate Income Fund Trading Up 1.0 %

The stock’s fifty day moving average is $8.98 and its two-hundred day moving average is $8.71.

Nuveen Real Estate Income Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.68 annualized dividend and a yield of 8.06%.

Institutional Investors Weigh In On Nuveen Real Estate Income Fund

Hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. raised its stake in shares of Nuveen Real Estate Income Fund by 18.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 12,923 shares of the company’s stock valued at $99,000 after purchasing an additional 1,980 shares in the last quarter. MML Investors Services LLC bought a new stake in shares of Nuveen Real Estate Income Fund during the 3rd quarter worth about $140,000. Stifel Financial Corp lifted its stake in shares of Nuveen Real Estate Income Fund by 19.8% in the 3rd quarter. Stifel Financial Corp now owns 32,266 shares of the company’s stock worth $300,000 after acquiring an additional 5,341 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Nuveen Real Estate Income Fund by 838.0% in the third quarter. International Assets Investment Management LLC now owns 37,455 shares of the company’s stock valued at $348,000 after acquiring an additional 33,462 shares in the last quarter. Finally, Private Advisor Group LLC increased its stake in shares of Nuveen Real Estate Income Fund by 11.7% during the second quarter. Private Advisor Group LLC now owns 368,308 shares of the company’s stock valued at $2,814,000 after acquiring an additional 38,650 shares during the period.

About Nuveen Real Estate Income Fund

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.