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

Shares of Principal Real Estate Income Fund (NYSE:PGZ) traded down 0.9% on Thursday . The company traded as low as $9.74 and last traded at $9.79. 18,023 shares changed 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 Trading Up 0.7 %

The business has a fifty day simple moving average of $10.12 and a 200-day simple moving average of $9.62.

Principal Real Estate Income Fund Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PGZ. Bulldog Investors LLP grew its holdings in shares of Principal Real Estate Income Fund by 59.2% during the fourth 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 last quarter. Riverbridge Partners LLC raised its stake in shares of Principal Real Estate Income Fund by 2.5% in the first quarter. Riverbridge Partners LLC now owns 157,227 shares of the company’s stock worth $1,624,000 after purchasing an additional 3,802 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of Principal Real Estate Income Fund by 654.5% in 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 last quarter. Clough Capital Partners L P boosted its position in shares of Principal Real Estate Income Fund by 19.8% during the third quarter. Clough Capital Partners L P now owns 52,029 shares of the company’s stock valued at $470,000 after buying an additional 8,600 shares during the last quarter. Finally, SeaCrest Wealth Management LLC grew its holdings in Principal Real Estate Income Fund by 21.0% during the first quarter. SeaCrest Wealth Management LLC now owns 21,069 shares of the company’s stock worth $218,000 after buying an additional 3,653 shares in the last quarter.

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.