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Nuveen Real Estate Income Fund (NYSE:JRS) Share Price Crosses Below 50-Day Moving Average of $8.25

Defense World ·  Nov 4, 2022 16:42

Nuveen Real Estate Income Fund (NYSE:JRS – Get Rating)'s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $8.25 and traded as low as $7.63. Nuveen Real Estate Income Fund shares last traded at $7.72, with a volume of 44,780 shares trading hands.

Nuveen Real Estate Income Fund Stock Performance

The business has a 50-day moving average price of $8.25 and a 200-day moving average price of $9.44.

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Nuveen Real Estate Income Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Thursday, September 15th were paid a $0.209 dividend. This represents a $0.84 annualized dividend and a yield of 10.83%. The ex-dividend date was Wednesday, September 14th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in JRS. FNY Investment Advisers LLC acquired a new position in Nuveen Real Estate Income Fund in the 1st quarter valued at $28,000. North Star Asset Management Inc. acquired a new stake in shares of Nuveen Real Estate Income Fund in the 1st quarter worth $119,000. Envestnet Asset Management Inc. acquired a new stake in shares of Nuveen Real Estate Income Fund in the 1st quarter worth $359,000. Commonwealth Equity Services LLC increased its stake in shares of Nuveen Real Estate Income Fund by 2.8% in the 1st quarter. Commonwealth Equity Services LLC now owns 408,632 shares of the company's stock worth $4,825,000 after acquiring an additional 11,201 shares during the last quarter. Finally, Prospera Financial Services Inc increased its stake in shares of Nuveen Real Estate Income Fund by 33.4% in the 1st quarter. Prospera Financial Services Inc now owns 25,934 shares of the company's stock worth $306,000 after acquiring an additional 6,500 shares during the last quarter.

Nuveen Real Estate Income Fund Company Profile

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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.

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