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

Nuveen Real Estate Income Fund (NYSE:JRS) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $8.51 and traded as high as $8.55. Nuveen Real Estate Income Fund shares last traded at $8.47, with a volume of 60,651 shares.

Nuveen Real Estate Income Fund Trading Up 0.1%

The firm has a fifty day moving average price of $8.51 and a two-hundred day moving average price of $8.16.

Nuveen Real Estate Income Fund Increases Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC increased its position in Nuveen Real Estate Income Fund by 7.2% in the fourth 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 in 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 valued at $695,000 after buying an additional 1,751 shares in the last quarter. StoneX Group Inc. grew its stake 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 valued at $125,000 after acquiring an additional 2,013 shares during the period. Geneos Wealth Management Inc. grew its stake 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 valued at $70,000 after acquiring an additional 2,500 shares during the period. Finally, Private Advisor Group LLC increased 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 worth $3,072,000 after acquiring an additional 2,755 shares in 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.