Nuveen Real Estate Income Fund (NYSE:JRS) Share Price Passes Above Fifty Day Moving Average – Should You Sell?

Nuveen Real Estate Income Fund (NYSE:JRS) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $8.08 and traded as high as $8.51. Nuveen Real Estate Income Fund shares last traded at $8.49, with a volume of 103,214 shares changing hands.

Nuveen Real Estate Income Fund Stock Up 1.0%

The business has a fifty day simple moving average of $8.08 and a 200 day simple moving average of $7.89.

Nuveen Real Estate Income Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be given a dividend of $0.19 per share. The ex-dividend date is Monday, June 15th. This represents a $0.76 annualized dividend and a dividend yield of 9.0%. This is an increase from Nuveen Real Estate Income Fund’s previous quarterly dividend of $0.17.

Institutional Trading of Nuveen Real Estate Income Fund

Several institutional investors and hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC lifted its position in shares of Nuveen Real Estate Income Fund by 7.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 22,794 shares of the company’s stock worth $175,000 after buying an additional 1,533 shares during the last quarter. Mutual Advisors LLC lifted its position in shares of Nuveen Real Estate Income Fund by 2.0% during the 4th quarter. Mutual Advisors LLC now owns 90,728 shares of the company’s stock worth $695,000 after buying an additional 1,751 shares during the last quarter. StoneX Group Inc. lifted its position in shares of Nuveen Real Estate Income Fund by 14.1% during the 4th quarter. StoneX Group Inc. now owns 16,298 shares of the company’s stock worth $125,000 after buying an additional 2,013 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Nuveen Real Estate Income Fund by 41.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 8,552 shares of the company’s stock worth $70,000 after buying an additional 2,500 shares during the last quarter. Finally, Private Advisor Group LLC lifted its position in shares of Nuveen Real Estate Income Fund by 0.7% during the 4th quarter. Private Advisor Group LLC now owns 401,005 shares of the company’s stock worth $3,072,000 after buying an additional 2,755 shares during the last quarter.

Nuveen Real Estate Income Fund Company Profile

Nuveen Real Estate Income Fund (NYSE: JRS) is a diversified closed-end management investment company that seeks to provide shareholders with attractive levels of current income. The fund pursues its objective through investments primarily in equity and debt securities of real estate companies, including publicly traded REITs, real estate operating companies and mortgage-backed securities. By holding a mixture of equity and fixed-income positions, it aims to achieve a balance of income generation and potential for capital appreciation.

The fund’s portfolio construction emphasizes diversification across geographic regions and real estate sectors.