Nuveen Real Estate Income Fund (NYSE:JRS) Experiences Heavy Trading Volume

Paterniano Del Favero
Agosto 13, 2017

Nuveen Credit Strategies Income Fund has decreased its dividend by an average of 6.3% annually over the last three years. Nwam LLC now owns 14,611 shares of the financial services provider's stock worth $152,000 after buying an additional 2,661 shares in the last quarter. The value of the company's investment in Nuveen Real Estate Income Fund increased from $1,000 to $40,000 a change of $39,000 for the reporting period.

Trading was heavy with 118K shares changing hands in the last trading session. Pnc Financial Services Group, Inc. now controls 7,016 shares with a value of $72,000. Brave Asset Management Inc. acquired a new position in shares of Nuveen Preferred Income Opportunities Fd during the second quarter valued at $301,000.

The firm also recently declared a monthly dividend, which will be paid on Friday, September 1st. Finally, Janney Montgomery Scott LLC raised its position in shares of Nuveen Preferred Income Opportunities Fd by 29.7% in the second quarter. The value of the investment in Nuveen Preferred and Income Ter went from $58,000 to $10,000 decreasing 82.8% quarter to quarter. Shares are trading at $10.03 which is just a bit below $10.27, the 50 day moving average and which is just a bit higher than the 200 day moving average of $9.87. Investors of record on Tuesday, August 15th will be issued a $0.065 dividend. The dividend payment was $0.250 per share for the quarter which comes to $1.00 on an annualized basis. The ex-dividend date of this dividend is Friday, August 11th.

Nuveen Preferred Securities Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc.

ILLEGAL ACTIVITY NOTICE: "Nuveen Credit Strategies Income Fund (NYSE:JQC) Announces $0.05 Monthly Dividend" was reported by Transcript Daily and is the property of of Transcript Daily. If you are accessing this story on another website, it was stolen and reposted in violation of US & global copyright legislation. The fund primarily invests in investment grade preferred debt securities, convertible debt securities, and convertible preferred securities that are rated BBB/Baa or better by S&P, Moody's, or Fitch.

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