Nuveen Mortgage and Income Fund (NYSE:JLS) Shares Cross Below Fifty Day Moving Average – Should You Sell?

Nuveen Mortgage and Income Fund (NYSE:JLS) shares crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $18.06 and traded as low as $17.32. Nuveen Mortgage and Income Fund shares last traded at $17.36, with a volume of 34,308 shares trading hands.

Nuveen Mortgage and Income Fund Stock Performance

The stock’s 50 day moving average price is $18.06 and its two-hundred day moving average price is $18.24.

Nuveen Mortgage and Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be issued a $0.1535 dividend. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a yield of 10.6%.

Institutional Trading of Nuveen Mortgage and Income Fund

Several institutional investors have recently made changes to their positions in the stock. Cetera Investment Advisers lifted its holdings in Nuveen Mortgage and Income Fund by 4.3% during the 2nd quarter. Cetera Investment Advisers now owns 13,349 shares of the company’s stock worth $250,000 after buying an additional 549 shares during the last quarter. First Trust Advisors LP boosted its stake in Nuveen Mortgage and Income Fund by 5.3% in the second quarter. First Trust Advisors LP now owns 26,741 shares of the company’s stock valued at $501,000 after acquiring an additional 1,339 shares during the period. LPL Financial LLC grew its holdings in shares of Nuveen Mortgage and Income Fund by 13.4% during the fourth quarter. LPL Financial LLC now owns 11,564 shares of the company’s stock valued at $210,000 after purchasing an additional 1,365 shares during the last quarter. Eagle Bay Advisors LLC acquired a new stake in shares of Nuveen Mortgage and Income Fund during the 4th quarter worth approximately $25,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Nuveen Mortgage and Income Fund during the 4th quarter worth approximately $54,000.

About Nuveen Mortgage and Income Fund

Nuveen Mortgage and Income Fund (NYSE: JLS) is a closed-end management investment company that primarily invests in U.S. residential mortgage-backed securities. The fund seeks to generate current income with the potential for capital appreciation by allocating assets across a diversified portfolio of agency and non-agency residential mortgage-backed securities, adjustable-rate mortgage securities and mortgage servicing rights. To enhance returns, the fund may employ leverage through repurchase agreements, preferred shares or other financing arrangements.

Since its inception in July 2006, Nuveen Mortgage and Income Fund has focused on navigating various interest-rate and credit-cycle environments through active duration management and credit analysis.