Nuveen Mortgage and Income Fund (NYSE:JLS) Shares Pass Below 200-Day Moving Average – Time to Sell?

Nuveen Mortgage and Income Fund (NYSE:JLS)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $18.10 and traded as low as $17.17. Nuveen Mortgage and Income Fund shares last traded at $17.2650, with a volume of 27,275 shares changing hands.

Nuveen Mortgage and Income Fund Stock Performance

The firm has a 50-day moving average of $17.60 and a 200-day moving average of $18.10.

Nuveen Mortgage and Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th will be paid a $0.1535 dividend. This represents a c) annualized dividend and a yield of 10.7%. The ex-dividend date is Wednesday, July 15th.

Institutional Investors Weigh In On Nuveen Mortgage and Income Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Ameriprise Financial Inc. boosted its position in shares of Nuveen Mortgage and Income Fund by 22.8% during the second quarter. Ameriprise Financial Inc. now owns 197,936 shares of the company’s stock worth $3,709,000 after acquiring an additional 36,688 shares during the last quarter. Fiera Capital Corp increased its holdings in Nuveen Mortgage and Income Fund by 105.3% in the 4th quarter. Fiera Capital Corp now owns 67,693 shares of the company’s stock valued at $1,231,000 after acquiring an additional 34,716 shares during the last quarter. Compound Planning Inc. increased its holdings in Nuveen Mortgage and Income Fund by 224.8% in the 4th 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. Cetera Investment Advisers lifted its stake in Nuveen Mortgage and Income Fund by 128.6% in the 1st quarter. Cetera Investment Advisers now owns 40,038 shares of the company’s stock worth $726,000 after purchasing an additional 22,527 shares in the last quarter. Finally, Closed End Fund Advisors Inc. purchased a new stake in Nuveen Mortgage and Income Fund in the 4th quarter worth $379,000.

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.