Nuveen Mortgage and Income Fund (NYSE:JLS) Shares Pass Below Fifty Day Moving Average – What’s Next?

Nuveen Mortgage and Income Fund (NYSE:JLS)’s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $18.06 and traded as low as $17.32. Nuveen Mortgage and Income Fund shares last traded at $17.36, with a volume of 34,308 shares traded.

Nuveen Mortgage and Income Fund Price Performance

The stock’s 50-day moving average price is $18.06 and its 200-day moving average price is $18.24.

Nuveen Mortgage and Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be issued a $0.1535 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.6%. The ex-dividend date of this dividend is Monday, June 15th.

Hedge Funds Weigh In On Nuveen Mortgage and Income Fund

Several hedge funds have recently made changes to their positions in JLS. Cetera Investment Advisers boosted 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 valued at $250,000 after purchasing an additional 549 shares in the last quarter. First Trust Advisors LP boosted its stake in Nuveen Mortgage and Income Fund by 5.3% in the 2nd quarter. First Trust Advisors LP now owns 26,741 shares of the company’s stock worth $501,000 after purchasing an additional 1,339 shares in the last quarter. LPL Financial LLC raised its holdings in Nuveen Mortgage and Income Fund by 13.4% in the 4th quarter. LPL Financial LLC now owns 11,564 shares of the company’s stock worth $210,000 after acquiring an additional 1,365 shares during the last quarter. Eagle Bay Advisors LLC bought a new position in Nuveen Mortgage and Income Fund during the fourth quarter valued at approximately $25,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Nuveen Mortgage and Income Fund during the 4th quarter valued at about $54,000.

About Nuveen Mortgage and Income Fund

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.