Nuveen Mortgage and Income Fund (NYSE:JLS) Stock Crosses Above 50 Day Moving Average of $17.48

Nuveen Mortgage and Income Fund (NYSE:JLS)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $17.48 and traded as high as $17.54. Nuveen Mortgage and Income Fund shares last traded at $17.48, with a volume of 13,727 shares changing hands.

Nuveen Mortgage and Income Fund Trading Up 0.7 %

The company has a 50-day moving average of $17.48 and a 200-day moving average of $16.91.

Nuveen Mortgage and Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be issued a dividend of $0.142 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $1.70 dividend on an annualized basis and a yield of 9.75%.

Institutional Trading of Nuveen Mortgage and Income Fund

Hedge funds have recently bought and sold shares of the business. Melfa Wealth Management LLC bought a new stake in Nuveen Mortgage and Income Fund during the fourth quarter worth $181,000. Nations Financial Group Inc. IA ADV lifted its holdings in Nuveen Mortgage and Income Fund by 3.4% during the first quarter. Nations Financial Group Inc. IA ADV now owns 35,542 shares of the company’s stock worth $631,000 after acquiring an additional 1,175 shares during the period. International Assets Investment Management LLC lifted its holdings in Nuveen Mortgage and Income Fund by 1,588.0% during the fourth quarter. International Assets Investment Management LLC now owns 53,341 shares of the company’s stock worth $900,000 after acquiring an additional 50,181 shares during the period. Finally, Thomas J. Herzfeld Advisors Inc. lifted its holdings in Nuveen Mortgage and Income Fund by 10.6% during the third quarter. Thomas J. Herzfeld Advisors Inc. now owns 190,719 shares of the company’s stock worth $3,029,000 after acquiring an additional 18,337 shares during the period.

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.