Principal Real Estate Income Fund (NYSE:PGZ) Shares Down 0.9%

Shares of Principal Real Estate Income Fund (NYSE:PGZ) were down 0.9% on Thursday . The stock traded as low as $9.74 and last traded at $9.79. Approximately 18,023 shares traded hands during mid-day trading, a decline of 20% from the average daily volume of 22,445 shares. The stock had previously closed at $9.87.

Principal Real Estate Income Fund Stock Down 0.9 %

The company has a 50 day moving average price of $10.13 and a two-hundred day moving average price of $9.61.

Principal Real Estate Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 16th will be paid a $0.105 dividend. This represents a $1.26 annualized dividend and a dividend yield of 12.88%. The ex-dividend date is Wednesday, May 15th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC boosted its stake in shares of Principal Real Estate Income Fund by 9.1% in the first quarter. International Assets Investment Management LLC now owns 13,156 shares of the company’s stock worth $135,000 after acquiring an additional 1,100 shares during the period. SeaCrest Wealth Management LLC boosted its stake in shares of Principal Real Estate Income Fund by 23.7% in the fourth quarter. SeaCrest Wealth Management LLC now owns 17,416 shares of the company’s stock worth $164,000 after acquiring an additional 3,340 shares during the period. Blue Bell Private Wealth Management LLC bought a new position in Principal Real Estate Income Fund during the fourth quarter valued at approximately $55,000. Clough Capital Partners L P boosted its stake in Principal Real Estate Income Fund by 19.8% during the third quarter. Clough Capital Partners L P now owns 52,029 shares of the company’s stock valued at $470,000 after buying an additional 8,600 shares during the last quarter. Finally, Bulldog Investors LLP boosted its stake in Principal Real Estate Income Fund by 59.2% during the fourth quarter. Bulldog Investors LLP now owns 301,126 shares of the company’s stock valued at $2,846,000 after buying an additional 111,940 shares during the last quarter.

About Principal Real Estate Income Fund

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.