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

Nuveen Real Estate Income Fund (NYSE:JRS) shares crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty 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 traded.

Nuveen Real Estate Income Fund Stock Performance

The firm’s 50 day simple moving average is $9.09 and its 200 day simple moving average is $8.65.

Nuveen Real Estate Income Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.68 dividend on an annualized basis and a yield of 7.85%.

Hedge Funds Weigh In On Nuveen Real Estate Income Fund

Several institutional investors and hedge funds have recently modified their holdings of JRS. International Assets Investment Management LLC acquired a new position in Nuveen Real Estate Income Fund in the second quarter valued at approximately $31,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Nuveen Real Estate Income Fund by 18.1% during the 2nd 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 acquired a new position in shares of Nuveen Real Estate Income Fund in the 3rd quarter valued at $140,000. Stifel Financial Corp boosted its holdings 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. Finally, Private Advisor Group LLC boosted its holdings in 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 worth $2,814,000 after buying an additional 38,650 shares in the last quarter.

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.