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

Shares of Nuveen Mortgage and Income Fund (NYSE:JLS) 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.

Nuveen Mortgage and Income Fund Trading Up 0.4%

The stock’s 50-day moving average is $17.85 and its two-hundred day moving average is $18.16.

Nuveen Mortgage and Income Fund Dividend Announcement

The company 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 dividend of $0.1535 per share. This represents a c) annualized dividend and a dividend yield of 10.5%. The ex-dividend date of this dividend is Wednesday, July 15th.

Institutional Trading of Nuveen Mortgage and Income Fund

Several large investors have recently modified their holdings of the company. Eagle Bay Advisors LLC bought a new position in Nuveen Mortgage and Income Fund in the fourth quarter valued at about $25,000. International Assets Investment Management LLC bought a new stake in shares of Nuveen Mortgage and Income Fund during the 4th quarter valued at about $54,000. LPL Financial LLC increased its position in shares of Nuveen Mortgage and Income Fund by 13.4% during the 4th 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. Stifel Financial Corp purchased a new stake in shares of Nuveen Mortgage and Income Fund during the 4th quarter valued at about $218,000. Finally, Cetera Investment Advisers lifted its stake in shares of Nuveen Mortgage and Income Fund by 4.3% in the 2nd quarter. Cetera Investment Advisers now owns 13,349 shares of the company’s stock worth $250,000 after purchasing an additional 549 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.