Nuveen Mortgage and Income Fund (NYSE:JLS) Stock Crosses Above 50 Day Moving Average of $17.48

Nuveen Mortgage and Income Fund (NYSE:JLS)’s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $17.48 and traded as high as $17.54. Nuveen Mortgage and Income Fund shares last traded at $17.48, with a volume of 13,727 shares changing hands.

Nuveen Mortgage and Income Fund Trading Up 0.7 %

The company has a 50-day simple moving average of $17.48 and a two-hundred day simple moving average of $16.91.

Nuveen Mortgage and Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be given a dividend of $0.142 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $1.70 annualized dividend and a yield of 9.75%.

Institutional Trading of Nuveen Mortgage and Income Fund

A number of hedge funds have recently made changes to their positions in JLS. Melfa Wealth Management LLC bought a new stake in shares of Nuveen Mortgage and Income Fund in the 4th quarter worth approximately $181,000. Nations Financial Group Inc. IA ADV boosted its position in shares of Nuveen Mortgage and Income Fund by 3.4% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 35,542 shares of the company’s stock worth $631,000 after purchasing an additional 1,175 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Nuveen Mortgage and Income Fund by 1,588.0% in the 4th quarter. International Assets Investment Management LLC now owns 53,341 shares of the company’s stock worth $900,000 after purchasing an additional 50,181 shares in the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. boosted its position in shares of Nuveen Mortgage and Income Fund by 10.6% in the 3rd quarter. Thomas J. Herzfeld Advisors Inc. now owns 190,719 shares of the company’s stock worth $3,029,000 after purchasing an additional 18,337 shares in the last quarter.

About Nuveen Mortgage and Income Fund

Nuveen Mortgage and Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC, Nuveen Asset Management, LLC, and Wellington Management Company LLP. It invests in the fixed income markets of the United States. The fund invests in undervalued mortgage-backed securities consisting primarily of non-agency residential mortgage-backed securities and commercial mortgage-backed securities with a favorable total return potential.