Nuveen Mortgage and Income Fund (NYSE:JLS) Shares to Pay Monthly Dividend of $0.15

Nuveen Mortgage and Income Fund (NYSE:JLS) declared a monthly dividend on Thursday, October 1st. Stockholders of record on Thursday, October 15th will be paid a dividend of $0.1535 per share on Monday, November 2nd. This represents a $1.84 annualized dividend and a dividend yield of 11.3%. The ex-dividend date is Thursday, October 15th.

Nuveen Mortgage and Income Fund Trading Down 0.3%

JLS stock opened at $16.32 on Friday. Nuveen Mortgage and Income Fund has a 1 year low of $16.01 and a 1 year high of $19.03. The stock has a 50-day moving average price of $16.86 and a two-hundred day moving average price of $17.58.

Institutional Trading of Nuveen Mortgage and Income Fund

A number of institutional investors have recently modified their holdings of the company. Noble Wealth Management PBC bought a new position in shares of Nuveen Mortgage and Income Fund during the third quarter valued at approximately $27,000. Closed End Fund Advisors Inc. purchased a new position in shares of Nuveen Mortgage and Income Fund in the 4th quarter valued at $379,000. Concorde Asset Management LLC increased its holdings in Nuveen Mortgage and Income Fund by 74.4% during the 4th quarter. Concorde Asset Management LLC now owns 22,850 shares of the company’s stock valued at $416,000 after acquiring an additional 9,750 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted 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 worth $593,000 after buying an additional 4,361 shares during the period. Finally, First Trust Advisors LP grew its stake in shares of 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 worth $650,000 after purchasing an additional 4,035 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.