Nuveen Mortgage and Income Fund (NYSE:JLS) Stock Crosses Above Fifty Day Moving Average – Should You Sell?

Shares of Nuveen Mortgage and Income Fund (NYSE:JLS) passed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $16.44 and traded as high as $16.60. Nuveen Mortgage and Income Fund shares last traded at $16.52, with a volume of 28,782 shares changing hands.

Nuveen Mortgage and Income Fund Trading Up 0.9%

The business’s fifty day simple moving average is $16.44 and its 200 day simple moving average is $17.58.

Nuveen Mortgage and Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be paid a dividend of $0.1535 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 11.2%.

Hedge Funds Weigh In On Nuveen Mortgage and Income Fund

Hedge funds have recently added to or reduced their stakes in the stock. Choreo LLC bought a new stake in shares of Nuveen Mortgage and Income Fund in the 3rd quarter valued at about $171,000. Venture Visionary Partners LLC grew its holdings in Nuveen Mortgage and Income Fund by 33.5% during the third quarter. Venture Visionary Partners LLC now owns 62,448 shares of the company’s stock valued at $1,022,000 after purchasing an additional 15,666 shares during the period. Noble Wealth Management PBC bought a new stake in Nuveen Mortgage and Income Fund in the third quarter valued at approximately $27,000. Hennion & Walsh Asset Management Inc. increased its stake in Nuveen Mortgage and Income Fund by 14.7% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 33,944 shares of the company’s stock valued at $593,000 after purchasing an additional 4,361 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in Nuveen Mortgage and Income Fund by 128.6% in the first quarter. Cetera Investment Advisers now owns 40,038 shares of the company’s stock worth $726,000 after purchasing an additional 22,527 shares during the period.

About Nuveen Mortgage and Income Fund

Nuveen Mortgage and Income Fund (NYSE: JLS) is a closed-end management investment company designed to provide current income and, to a lesser extent, capital appreciation. The fund is managed by Nuveen, the investment management arm of TIAA, and is listed on the New York Stock Exchange.

JLS invests primarily in mortgage-related securities and other income-producing debt instruments. Its portfolio may include residential and commercial mortgage-backed securities, including securities issued or guaranteed by U.S.