Nuveen Mortgage and Income Fund Plans Monthly Dividend of $0.15 (NYSE:JLS)

Nuveen Mortgage and Income Fund (NYSE:JLS) declared a monthly dividend on Wednesday, July 1st. Stockholders of record on Wednesday, July 15th will be paid a dividend of 0.1535 per share on Monday, August 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 10.5%. The ex-dividend date of this dividend is Wednesday, July 15th.

Nuveen Mortgage and Income Fund Price Performance

NYSE JLS opened at $17.49 on Thursday. The company has a 50 day simple moving average of $18.00 and a 200-day simple moving average of $18.22. Nuveen Mortgage and Income Fund has a 52-week low of $17.29 and a 52-week high of $19.09.

Institutional Trading of Nuveen Mortgage and Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of JLS. Compound Planning Inc. lifted its stake in Nuveen Mortgage and Income Fund by 224.8% in the fourth quarter. Compound Planning Inc. now owns 41,705 shares of the company’s stock valued at $759,000 after acquiring an additional 28,863 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Nuveen Mortgage and Income Fund by 5.9% during the 4th quarter. First Trust Advisors LP now owns 31,841 shares of the company’s stock worth $579,000 after purchasing an additional 1,760 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Nuveen Mortgage and Income Fund by 8.9% during the 4th quarter. Cetera Investment Advisers now owns 17,511 shares of the company’s stock valued at $319,000 after purchasing an additional 1,437 shares in the last quarter. LPL Financial LLC raised its holdings in shares of Nuveen Mortgage and Income Fund by 13.4% during the 4th quarter. LPL Financial LLC now owns 11,564 shares of the company’s stock valued at $210,000 after purchasing an additional 1,365 shares in the last quarter. Finally, Concorde Asset Management LLC lifted 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 valued at $495,000 after purchasing an additional 4,230 shares during the last quarter.

Nuveen Mortgage and Income Fund Company Profile

Nuveen Mortgage and Income Fund (NYSE: JLS) is a closed-end management investment company that primarily invests in U.S. residential mortgage-backed securities. The fund seeks to generate current income with the potential for capital appreciation by allocating assets across a diversified portfolio of agency and non-agency residential mortgage-backed securities, adjustable-rate mortgage securities and mortgage servicing rights. To enhance returns, the fund may employ leverage through repurchase agreements, preferred shares or other financing arrangements.

Since its inception in July 2006, Nuveen Mortgage and Income Fund has focused on navigating various interest-rate and credit-cycle environments through active duration management and credit analysis.