Nuveen Mortgage and Income Fund (JLS) to Distribute Monthly Dividend of $0.15 on September 1st

Nuveen Mortgage and Income Fund (NYSE:JLS) announced a monthly dividend on Monday, August 3rd. Investors of record on Friday, August 14th will be given a dividend of 0.1535 per share on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 10.6%. The ex-dividend date of this dividend is Friday, August 14th.

Nuveen Mortgage and Income Fund Trading Up 0.6%

Shares of JLS stock opened at $17.30 on Wednesday. Nuveen Mortgage and Income Fund has a fifty-two week low of $17.14 and a fifty-two week high of $19.09. The stock has a 50 day simple moving average of $17.56 and a two-hundred day simple moving average of $18.08.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Hennion & Walsh Asset Management Inc. boosted its stake in Nuveen Mortgage and Income Fund by 14.7% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 33,944 shares of the company’s stock worth $593,000 after acquiring an additional 4,361 shares in the last quarter. Concorde Asset Management LLC boosted its position in shares of 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 grew its stake in shares of Nuveen Mortgage and Income Fund by 128.6% in the 1st quarter. Cetera Investment Advisers now owns 40,038 shares of the company’s stock valued at $726,000 after buying an additional 22,527 shares during the period. First Trust Advisors LP increased its position in Nuveen Mortgage and Income Fund by 12.7% in the 1st quarter. First Trust Advisors LP now owns 35,876 shares of the company’s stock valued at $650,000 after buying an additional 4,035 shares in the last quarter. Finally, Compound Planning Inc. raised its stake in Nuveen Mortgage and Income Fund by 224.8% during the 4th quarter. Compound Planning Inc. now owns 41,705 shares of the company’s stock worth $759,000 after buying an additional 28,863 shares during the period.

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.