Nuveen Mortgage and Income Fund (NYSE:JLS) Stock Passes Below 200-Day Moving Average – Here’s What Happened

Nuveen Mortgage and Income Fund (NYSE:JLS) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $18.17 and traded as low as $17.43. Nuveen Mortgage and Income Fund shares last traded at $17.59, with a volume of 31,893 shares trading hands.

Nuveen Mortgage and Income Fund Stock Performance

The business has a 50 day moving average of $17.87 and a 200-day moving average of $18.17.

Nuveen Mortgage and Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th will be issued a $0.1535 dividend. This represents a c) annualized dividend and a dividend yield of 10.5%. The ex-dividend date is Wednesday, July 15th.

Institutional Investors Weigh In On Nuveen Mortgage and Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Concorde Asset Management LLC increased its holdings in Nuveen Mortgage and Income Fund by 18.5% during the 1st quarter. Concorde Asset Management LLC now owns 27,080 shares of the company’s stock worth $495,000 after purchasing an additional 4,230 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Nuveen Mortgage and Income Fund by 128.6% in the first quarter. Cetera Investment Advisers now owns 40,038 shares of the company’s stock valued at $726,000 after purchasing an additional 22,527 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Nuveen Mortgage and Income Fund by 12.7% in the first quarter. First Trust Advisors LP now owns 35,876 shares of the company’s stock valued at $650,000 after purchasing an additional 4,035 shares in the last quarter. Stifel Financial Corp acquired a new position in shares of Nuveen Mortgage and Income Fund during the fourth quarter worth about $218,000. Finally, LPL Financial LLC boosted its position 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 worth $210,000 after buying an additional 1,365 shares during the period.

Nuveen Mortgage and Income Fund Company Profile

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.