Principal Real Estate Income Fund (NYSE:PGZ) Shares Up 0.1% – Here’s Why

Principal Real Estate Income Fund (NYSE:PGZ) shares shot up 0.1% during trading on Wednesday . The stock traded as high as $10.08 and last traded at $10.0550. 31,436 shares were traded during mid-day trading, an increase of 10% from the average session volume of 28,698 shares. The stock had previously closed at $10.04.

Principal Real Estate Income Fund Stock Up 0.1%

The business has a 50 day moving average price of $10.29 and a two-hundred day moving average price of $10.40.

Principal Real Estate Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Thursday, January 15th will be given a $0.105 dividend. The ex-dividend date is Thursday, January 15th. This represents a c) annualized dividend and a yield of 12.5%.

Insider Buying and Selling at Principal Real Estate Income Fund

In other news, insider Laton Spahr bought 10,000 shares of the business’s stock in a transaction dated Monday, November 10th. The shares were purchased at an average price of $10.35 per share, for a total transaction of $103,500.00. Following the completion of the acquisition, the insider owned 35,627 shares of the company’s stock, valued at approximately $368,739.45. This trade represents a 39.02% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Institutional Investors Weigh In On Principal Real Estate Income Fund

Several institutional investors have recently added to or reduced their stakes in the company. Baird Financial Group Inc. purchased a new stake in shares of Principal Real Estate Income Fund during the second quarter worth about $123,000. Shaker Financial Services LLC bought a new position in Principal Real Estate Income Fund during the 3rd quarter valued at approximately $143,000. RFG Advisory LLC lifted its holdings in Principal Real Estate Income Fund by 16.8% in the 2nd quarter. RFG Advisory LLC now owns 18,074 shares of the company’s stock worth $190,000 after buying an additional 2,600 shares during the period. Cetera Investment Advisers lifted its holdings in Principal Real Estate Income Fund by 16.4% in the 1st quarter. Cetera Investment Advisers now owns 23,102 shares of the company’s stock worth $243,000 after buying an additional 3,253 shares during the period. Finally, First Trust Advisors LP grew its position in shares of Principal Real Estate Income Fund by 3.2% in the 3rd quarter. First Trust Advisors LP now owns 35,828 shares of the company’s stock worth $375,000 after buying an additional 1,118 shares during 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.