Nuveen Mortgage and Income Fund (NYSE:JLS) Stock Price Passes Below Fifty Day Moving Average of $15.93

Nuveen Mortgage and Income Fund (NYSE:JLS – Get Rating)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $15.93 and traded as low as $15.78. Nuveen Mortgage and Income Fund shares last traded at $15.83, with a volume of 10,668 shares trading hands.

Nuveen Mortgage and Income Fund Stock Performance

The firm’s fifty day moving average is $15.93 and its 200 day moving average is $16.22.

Nuveen Mortgage and Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Monday, May 15th will be issued a $0.123 dividend. This represents a $1.48 annualized dividend and a yield of 9.33%. The ex-dividend date of this dividend is Friday, May 12th.

Institutional Trading of Nuveen Mortgage and Income Fund

Several institutional investors and hedge funds have recently modified their holdings of JLS. Baird Financial Group Inc. lifted its position in shares of 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 worth $428,000 after buying an additional 3,520 shares during the last quarter. Rivernorth Capital Management LLC bought a new position in Nuveen Mortgage and Income Fund during the 1st quarter worth approximately $190,000. Bank of America Corp DE increased its position in shares of 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 worth $1,277,000 after buying an additional 3,498 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Nuveen Mortgage and Income Fund by 31.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 103,948 shares of the company’s stock worth $1,671,000 after buying an additional 24,911 shares during the last quarter. Finally, Foresight Wealth Management LLC raised its stake in Nuveen Mortgage and Income Fund by 6.9% during the third quarter. Foresight Wealth Management LLC now owns 11,258 shares of the company’s stock worth $181,000 after buying an additional 729 shares during the last quarter.

About Nuveen Mortgage and Income Fund

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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.