Nuveen Mortgage and Income Fund (NYSE:JLS) Stock Breaks Below 50 Day Moving Average – Here’s Why

Shares of Nuveen Mortgage and Income Fund (NYSE:JLS) crossed below its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $17.02 and traded as low as $16.24. Nuveen Mortgage and Income Fund shares last traded at $16.3250, with a volume of 59,702 shares trading hands.

Nuveen Mortgage and Income Fund Price Performance

The business’s 50-day moving average price is $16.99 and its 200 day moving average price is $17.65.

Nuveen Mortgage and Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued a dividend of $0.1535 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.84 dividend on an annualized basis and a yield of 11.4%.

Hedge Funds Weigh In On Nuveen Mortgage and Income Fund

Institutional investors have recently bought and sold shares of the business. Hennion & Walsh Asset Management Inc. lifted its position in shares of 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 buying an additional 4,361 shares during the last quarter. Concorde Asset Management LLC increased its holdings 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 acquiring an additional 4,230 shares during the last quarter. Cetera Investment Advisers raised its stake in 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 acquiring an additional 22,527 shares during the period. First Trust Advisors LP raised its stake 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 acquiring an additional 4,035 shares during the period. Finally, Fiera Capital Corp lifted its holdings in Nuveen Mortgage and Income Fund by 105.3% during the 4th quarter. Fiera Capital Corp now owns 67,693 shares of the company’s stock valued at $1,231,000 after purchasing an additional 34,716 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 sponsored by Nuveen, an investment management firm and subsidiary of TIAA. The fund seeks to provide investors with current income and, to a lesser extent, capital appreciation through a portfolio of mortgage-related investments.

JLS invests primarily in residential and commercial mortgage-backed securities and other debt instruments linked to the U.S. housing and commercial real estate markets. Its portfolio may include securities issued or guaranteed by government-sponsored entities, privately issued mortgage-backed securities, and other mortgage-related instruments.