Nuveen Mortgage and Income Fund (NYSE:JLS) Share Price Crosses Above 50 Day Moving Average – Here’s What Happened

Nuveen Mortgage and Income Fund (NYSE:JLS) shares passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $16.44 and traded as high as $16.60. Nuveen Mortgage and Income Fund shares last traded at $16.52, with a volume of 28,782 shares trading hands.

Nuveen Mortgage and Income Fund Stock Performance

The business has a fifty day simple moving average of $16.44 and a two-hundred day simple moving average of $17.58.

Nuveen Mortgage and Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 13th will be issued a dividend of $0.1535 per share. This represents a $1.84 annualized dividend and a dividend yield of 11.2%. The ex-dividend date is Friday, November 13th.

Institutional Investors Weigh In On Nuveen Mortgage and Income Fund

Institutional investors have recently bought and sold shares of the company. Cetera Investment Advisers increased its holdings in 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 buying an additional 22,527 shares in the last quarter. Venture Visionary Partners LLC grew its holdings in shares of Nuveen Mortgage and Income Fund by 33.5% in the 3rd quarter. Venture Visionary Partners LLC now owns 62,448 shares of the company’s stock valued at $1,022,000 after buying an additional 15,666 shares during the period. Choreo LLC acquired a new stake in shares of Nuveen Mortgage and Income Fund during the 3rd quarter worth about $171,000. Hennion & Walsh Asset Management Inc. grew its holdings in shares of 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 purchasing an additional 4,361 shares during the last quarter. Finally, Concorde Asset Management LLC raised its holdings in shares of Nuveen Mortgage and Income Fund by 18.5% in the first quarter. Concorde Asset Management LLC now owns 27,080 shares of the company’s stock valued at $495,000 after purchasing an additional 4,230 shares during the last quarter.

Nuveen Mortgage and Income Fund Company Profile

Nuveen Mortgage and Income Fund (NYSE: JLS) is a closed-end management investment company designed to provide current income and, to a lesser extent, capital appreciation. The fund is managed by Nuveen, the investment management arm of TIAA, and is listed on the New York Stock Exchange.

JLS invests primarily in mortgage-related securities and other income-producing debt instruments. Its portfolio may include residential and commercial mortgage-backed securities, including securities issued or guaranteed by U.S.