Nuveen Mortgage and Income Fund (NYSE:JLS) Shares Pass Above 50-Day Moving Average of $16.03

Nuveen Mortgage and Income Fund (NYSE:JLS) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $16.03 and traded as high as $16.13. Nuveen Mortgage and Income Fund shares last traded at $15.74, with a volume of 24,589 shares trading hands.

Nuveen Mortgage and Income Fund Stock Down 0.3 %

The firm’s fifty day moving average is $16.01 and its two-hundred day moving average is $16.09.

Nuveen Mortgage and Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be given a $0.142 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $1.70 annualized dividend and a dividend yield of 10.75%.

Institutional Trading of Nuveen Mortgage and Income Fund

Several institutional investors have recently made changes to their positions in the business. Baird Financial Group Inc. grew its holdings in Nuveen Mortgage and Income Fund by 17.7% during the 1st quarter. Baird Financial Group Inc. now owns 23,450 shares of the company’s stock valued at $428,000 after buying an additional 3,520 shares in the last quarter. Rivernorth Capital Management LLC purchased a new position in Nuveen Mortgage and Income Fund during the first quarter valued at $190,000. Bank of America Corp DE grew its stake in Nuveen Mortgage and Income Fund by 5.3% during the first quarter. Bank of America Corp DE now owns 69,951 shares of the company’s stock valued at $1,277,000 after acquiring an additional 3,498 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Nuveen Mortgage and Income Fund by 8.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 31,292 shares of the company’s stock valued at $503,000 after acquiring an additional 2,440 shares during the last quarter. Finally, Advisor Group Holdings Inc. purchased a new stake in Nuveen Mortgage and Income Fund in the 4th quarter worth $71,000.

About Nuveen Mortgage and Income Fund

Nuveen Mortgage and Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC, Nuveen Asset Management, LLC, and Wellington Management Company LLP. It invests in the fixed income markets of the United States. The fund invests in undervalued mortgage-backed securities consisting primarily of non-agency residential mortgage-backed securities and commercial mortgage-backed securities with a favorable total return potential.