Principal Real Estate Income Fund (NYSE:PGZ) Shares Down 0.9%

Principal Real Estate Income Fund (NYSE:PGZ) shares traded down 0.9% on Thursday . The company traded as low as $9.74 and last traded at $9.79. 18,023 shares traded hands during mid-day trading, a decline of 20% from the average session volume of 22,445 shares. The stock had previously closed at $9.87.

Principal Real Estate Income Fund Price Performance

The stock has a 50-day moving average price of $10.12 and a 200 day moving average price of $9.62.

Principal Real Estate Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.105 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 12.79%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Clough Capital Partners L P increased its stake in shares of Principal Real Estate Income Fund by 19.8% during the 3rd quarter. Clough Capital Partners L P now owns 52,029 shares of the company’s stock valued at $470,000 after acquiring an additional 8,600 shares during the last quarter. SeaCrest Wealth Management LLC increased its position in Principal Real Estate Income Fund by 23.7% during the fourth quarter. SeaCrest Wealth Management LLC now owns 17,416 shares of the company’s stock worth $164,000 after purchasing an additional 3,340 shares during the last quarter. International Assets Investment Management LLC raised its stake in Principal Real Estate Income Fund by 654.5% during the fourth quarter. International Assets Investment Management LLC now owns 113,933 shares of the company’s stock worth $1,077,000 after purchasing an additional 98,833 shares during the period. Blue Bell Private Wealth Management LLC acquired a new position in shares of Principal Real Estate Income Fund in the 4th quarter valued at $55,000. Finally, Bulldog Investors LLP grew its stake in shares of Principal Real Estate Income Fund by 59.2% during the 4th quarter. Bulldog Investors LLP now owns 301,126 shares of the company’s stock valued at $2,846,000 after buying an additional 111,940 shares during the period.

Principal Real Estate Income Fund Company Profile

Principal Real Estate Income Fund is a closed ended balanced mutual fund launched and managed by ALPS Advisers, Inc It is co-managed by Principal Real Estate Investors, LLC. The fund invests in public equity and fixed income markets of the United States. It seeks to invest in commercial mortgage backed securities, real estate investment trusts and REIT-like entities.