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

Nuveen Mortgage and Income Fund (NYSE:JLS) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $18.10 and traded as low as $17.17. Nuveen Mortgage and Income Fund shares last traded at $17.2650, with a volume of 27,275 shares changing hands.

Nuveen Mortgage and Income Fund Stock Performance

The business’s 50-day simple moving average is $17.62 and its 200-day simple moving average is $18.10.

Nuveen Mortgage and Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th will be paid a $0.1535 dividend. The ex-dividend date is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 10.7%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hennion & Walsh Asset Management Inc. boosted its holdings in Nuveen Mortgage and Income Fund by 14.7% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 33,944 shares of the company’s stock valued at $593,000 after purchasing an additional 4,361 shares during the last quarter. Concorde Asset Management LLC raised its stake 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 valued at $495,000 after buying an additional 4,230 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of Nuveen Mortgage and Income Fund by 128.6% during 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 last quarter. First Trust Advisors LP raised its stake in shares of Nuveen Mortgage and Income Fund by 12.7% during 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 during the last quarter. Finally, Compound Planning Inc. lifted its holdings in shares of Nuveen Mortgage and Income Fund by 224.8% in the 4th quarter. Compound Planning Inc. now owns 41,705 shares of the company’s stock valued at $759,000 after buying an additional 28,863 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.