Nuveen Real Estate Income Fund (NYSE:JRS) Stock Price Passes Below 50 Day Moving Average – Should You Sell?

Nuveen Real Estate Income Fund (NYSE:JRS)’s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $9.04 and traded as low as $8.56. Nuveen Real Estate Income Fund shares last traded at $8.63, with a volume of 128,328 shares trading hands.

Nuveen Real Estate Income Fund Price Performance

The firm has a 50 day moving average of $9.03 and a two-hundred day moving average of $8.68.

Nuveen Real Estate Income Fund Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 7.89%. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of JRS. Northwestern Mutual Wealth Management Co. raised its holdings 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 valued at $99,000 after buying an additional 1,980 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Nuveen Real Estate Income Fund during the second quarter worth $31,000. Stifel Financial Corp grew its stake in shares of Nuveen Real Estate Income Fund by 19.8% in the third quarter. Stifel Financial Corp now owns 32,266 shares of the company’s stock worth $300,000 after purchasing an additional 5,341 shares during the last quarter. MML Investors Services LLC acquired a new stake in Nuveen Real Estate Income Fund in the third quarter valued at $140,000. Finally, Private Advisor Group LLC raised its position in Nuveen Real Estate Income Fund by 11.7% during the 2nd quarter. Private Advisor Group LLC now owns 368,308 shares of the company’s stock worth $2,814,000 after purchasing an additional 38,650 shares during the last quarter.

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.