Nuveen Real Estate Income Fund (NYSE:JRS) Share Price Crosses Above 50-Day Moving Average – Here’s Why

Nuveen Real Estate Income Fund (NYSE:JRS) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $8.23 and traded as high as $8.60. Nuveen Real Estate Income Fund shares last traded at $8.53, with a volume of 178,642 shares changing hands.

Nuveen Real Estate Income Fund Trading Up 1.2%

The stock’s 50-day moving average is $8.23 and its 200-day moving average is $7.94.

Nuveen Real Estate Income Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, June 15th. This is a boost from Nuveen Real Estate Income Fund’s previous quarterly dividend of $0.17. This represents a $0.76 dividend on an annualized basis and a dividend yield of 8.9%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of JRS. Pathstone Holdings LLC grew its position in Nuveen Real Estate Income Fund by 26.4% during the 3rd quarter. Pathstone Holdings LLC now owns 674,774 shares of the company’s stock worth $5,520,000 after acquiring an additional 140,914 shares during the last quarter. Advisors Asset Management Inc. raised its position in Nuveen Real Estate Income Fund by 14.4% in the fourth quarter. Advisors Asset Management Inc. now owns 665,520 shares of the company’s stock valued at $5,098,000 after purchasing an additional 83,927 shares during the last quarter. Kanen Wealth Management LLC raised its position in Nuveen Real Estate Income Fund by 9.8% in the first quarter. Kanen Wealth Management LLC now owns 528,047 shares of the company’s stock valued at $3,939,000 after purchasing an additional 47,108 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of Nuveen Real Estate Income Fund by 0.7% during the fourth quarter. Private Advisor Group LLC now owns 401,005 shares of the company’s stock valued at $3,072,000 after purchasing an additional 2,755 shares in the last quarter. Finally, LPL Financial LLC grew its holdings in shares of Nuveen Real Estate Income Fund by 4.8% during the fourth quarter. LPL Financial LLC now owns 218,665 shares of the company’s stock worth $1,675,000 after purchasing an additional 10,056 shares during the last quarter.

About Nuveen Real Estate Income Fund

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.