Nuveen Mortgage and Income Fund (NYSE:JLS) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?

Nuveen Mortgage and Income Fund (NYSE:JLS) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $18.17 and traded as low as $17.43. Nuveen Mortgage and Income Fund shares last traded at $17.59, with a volume of 31,893 shares trading hands.

Nuveen Mortgage and Income Fund Stock Performance

The business has a 50-day simple moving average of $17.87 and a two-hundred day simple moving average of $18.17.

Nuveen Mortgage and Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th will be given a $0.1535 dividend. 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.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Eagle Bay Advisors LLC bought a new position in Nuveen Mortgage and Income Fund in the fourth quarter valued at $25,000. International Assets Investment Management LLC bought a new stake in Nuveen Mortgage and Income Fund during the 4th quarter worth about $54,000. LPL Financial LLC lifted its position in 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 worth $210,000 after buying an additional 1,365 shares in the last quarter. Stifel Financial Corp acquired a new position in shares of Nuveen Mortgage and Income Fund during the 4th quarter worth about $218,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in shares of Nuveen Mortgage and Income Fund during the 4th quarter worth about $247,000.

About Nuveen Mortgage and Income Fund

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.