Icon Advisers Inc. Co. Trims Position in Nuveen Mortgage Opportunity Term Fund 2 (JMT)

Icon Advisers Inc. Co. decreased its position in shares of Nuveen Mortgage Opportunity Term Fund 2 (NYSE:JMT) by 60.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,696 shares of the investment management company’s stock after selling 19,653 shares during the period. Icon Advisers Inc. Co. owned 0.26% of Nuveen Mortgage Opportunity Term Fund 2 worth $312,000 at the end of the most recent reporting period.

Separately, Moloney Securities Asset Management LLC boosted its position in Nuveen Mortgage Opportunity Term Fund 2 by 6.8% during the second quarter. Moloney Securities Asset Management LLC now owns 19,389 shares of the investment management company’s stock valued at $477,000 after purchasing an additional 1,233 shares during the last quarter.

Shares of Nuveen Mortgage Opportunity Term Fund 2 (NYSE JMT) opened at $24.72 on Friday. Nuveen Mortgage Opportunity Term Fund 2 has a 12-month low of $22.69 and a 12-month high of $25.00.

The company also recently disclosed a monthly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be given a dividend of $0.1125 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.35 dividend on an annualized basis and a yield of 5.46%.

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About Nuveen Mortgage Opportunity Term Fund 2

Nuveen Mortgage Opportunity Term Fund 2 (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to generate attractive total returns through opportunistic investments in mortgage-backed security (MBS). It seeks to achieve its investment objective by investing primarily in non-agency residential MBS and commercial MBS.

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Institutional Ownership by Quarter for Nuveen Mortgage Opportunity Term Fund 2 (NYSE:JMT)

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