Nuveen Mortgage and Income Fund (NYSE:JLS) Share Price Crosses Above Fifty Day Moving Average of $17.85

Nuveen Mortgage and Income Fund (NYSE:JLS)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $17.85 and traded as high as $18.06. Nuveen Mortgage and Income Fund shares last traded at $17.94, with a volume of 17,684 shares trading hands.

Nuveen Mortgage and Income Fund Price Performance

The business has a 50 day moving average price of $17.86 and a 200-day moving average price of $17.51.

Nuveen Mortgage and Income Fund Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, August 1st. Investors of record on Monday, July 15th will be paid a dividend of $0.1535 per share. This represents a $1.84 dividend on an annualized basis and a yield of 10.27%. The ex-dividend date is Monday, July 15th.

Institutional Trading of Nuveen Mortgage and Income Fund

Several institutional investors and hedge funds have recently modified their holdings of JLS. Clear Point Advisors Inc. purchased a new stake in shares of Nuveen Mortgage and Income Fund in the first quarter worth approximately $35,000. Melfa Wealth Management LLC purchased a new stake in shares of Nuveen Mortgage and Income Fund in the fourth quarter worth approximately $181,000. Choreo LLC purchased a new stake in shares of Nuveen Mortgage and Income Fund in the first quarter worth approximately $259,000. Nations Financial Group Inc. IA ADV raised its stake in shares of Nuveen Mortgage and Income Fund by 3.4% in the first 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 during the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of Nuveen Mortgage and Income Fund by 1,588.0% in the fourth 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 during the last quarter.

Nuveen Mortgage and Income Fund Company Profile

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.