Nuveen Mortgage and Income Fund (NYSE:JLS) Shares Break Below 50-Day Moving Average – What’s Next?

Nuveen Mortgage and Income Fund (NYSE:JLS) crossed below its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $16.63 and traded as low as $16.20. Nuveen Mortgage and Income Fund shares last traded at $16.26, with a volume of 10,529 shares.

Nuveen Mortgage and Income Fund Stock Up 0.2%

The company’s fifty day moving average price is $16.61 and its 200 day moving average price is $17.43.

Nuveen Mortgage and Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be issued a dividend of $0.1535 per share. The ex-dividend date is Thursday, October 15th. This represents a $1.84 annualized dividend and a yield of 11.4%.

Institutional Investors Weigh In On Nuveen Mortgage and Income Fund

A number of institutional investors have recently added to or reduced their stakes in JLS. Noble Wealth Management PBC bought a new position in shares of Nuveen Mortgage and Income Fund during the 3rd quarter worth approximately $27,000. First Trust Advisors LP boosted its stake in shares of Nuveen Mortgage and Income Fund by 12.7% in the 1st quarter. First Trust Advisors LP now owns 35,876 shares of the company’s stock worth $650,000 after buying an additional 4,035 shares during the last quarter. Concorde Asset Management LLC boosted its stake in shares of Nuveen Mortgage and Income Fund by 18.5% in the 1st quarter. Concorde Asset Management LLC now owns 27,080 shares of the company’s stock worth $495,000 after buying an additional 4,230 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Nuveen Mortgage and Income Fund by 14.7% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 33,944 shares of the company’s stock worth $593,000 after buying an additional 4,361 shares during the last quarter. Finally, Venture Visionary Partners LLC boosted its stake in shares of Nuveen Mortgage and Income Fund by 33.5% in the 3rd quarter. Venture Visionary Partners LLC now owns 62,448 shares of the company’s stock worth $1,022,000 after buying an additional 15,666 shares during the last quarter.

Nuveen Mortgage and Income Fund Company Profile

Nuveen Mortgage and Income Fund (NYSE:JLS) is a diversified, closed-end management investment company. The fund seeks to provide investors with current income and, to a lesser extent, capital appreciation by investing primarily in mortgage-related securities and other income-producing debt instruments.

Its portfolio may include agency and non-agency residential mortgage-backed securities, commercial mortgage-backed securities, mortgage loans and other credit-sensitive fixed-income assets.