Nuveen Real Estate Income Fund (NYSE:JRS) Share Price Crosses Above 50 Day Moving Average of $8.59

Nuveen Real Estate Income Fund (NYSE:JRS) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $8.59 and traded as high as $9.14. Nuveen Real Estate Income Fund shares last traded at $8.94, with a volume of 80,994 shares traded.

Nuveen Real Estate Income Fund Price Performance

The company has a 50-day moving average of $8.59 and a 200 day moving average of $7.90.

Nuveen Real Estate Income Fund Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 7.61%. The ex-dividend date of this dividend is Friday, September 13th.

Institutional Trading of Nuveen Real Estate Income Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC purchased a new position in Nuveen Real Estate Income Fund during the second quarter worth $31,000. Able Wealth Management LLC bought a new stake in shares of Nuveen Real Estate Income Fund in the 4th quarter worth about $35,000. Advisor Resource Council purchased a new position in shares of Nuveen Real Estate Income Fund during the 1st quarter worth about $84,000. Avantax Advisory Services Inc. bought a new position in Nuveen Real Estate Income Fund during the 1st quarter valued at about $87,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in Nuveen Real Estate Income Fund by 18.1% in the 2nd 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.

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.