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

Shares of Nuveen Real Estate Income Fund (NYSE:JRS) crossed 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.

Nuveen Real Estate Income Fund Stock Performance

The business has a fifty day moving average of $8.08 and a two-hundred day moving average of $7.89.

Nuveen Real Estate Income Fund Increases Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC increased its holdings 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 acquiring an additional 1,533 shares during the last quarter. Mutual Advisors LLC increased its holdings 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 acquiring an additional 1,751 shares during the last quarter. StoneX Group Inc. increased its holdings 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 acquiring an additional 2,013 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in Nuveen Real Estate Income Fund by 41.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 8,552 shares of the company’s stock valued at $70,000 after buying an additional 2,500 shares in the last quarter. Finally, Private Advisor Group LLC grew its holdings in Nuveen Real Estate Income Fund by 0.7% in the 4th quarter. Private Advisor Group LLC now owns 401,005 shares of the company’s stock valued at $3,072,000 after buying an additional 2,755 shares in 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.