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

Nuveen Real Estate Income Fund (NYSE:JRS) shares passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $9.10 and traded as low as $8.39. Nuveen Real Estate Income Fund shares last traded at $8.51, with a volume of 42,984 shares.

Nuveen Real Estate Income Fund Trading Up 1.3 %

The stock’s fifty day moving average price is $9.10 and its 200-day moving average price is $8.64.

Nuveen Real Estate Income Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.17 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.68 dividend on an annualized basis and a yield of 7.99%.

Institutional Investors Weigh In On Nuveen Real Estate Income Fund

A number of large investors have recently made changes to their positions in JRS. Stifel Financial Corp lifted its position in Nuveen Real Estate Income Fund by 19.8% during the third quarter. Stifel Financial Corp now owns 32,266 shares of the company’s stock worth $300,000 after buying an additional 5,341 shares in the last quarter. MML Investors Services LLC purchased a new position in shares of Nuveen Real Estate Income Fund during the 3rd quarter worth $140,000. Pathstone Holdings LLC boosted its position in shares of Nuveen Real Estate Income Fund by 40.9% during the 3rd quarter. Pathstone Holdings LLC now owns 619,779 shares of the company’s stock valued at $5,765,000 after acquiring an additional 179,819 shares during the last quarter. International Assets Investment Management LLC increased its position in Nuveen Real Estate Income Fund by 838.0% during the third quarter. International Assets Investment Management LLC now owns 37,455 shares of the company’s stock worth $348,000 after purchasing an additional 33,462 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in 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 worth $99,000 after purchasing an additional 1,980 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.