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

Nuveen Mortgage and Income Fund (NYSE:JLS) shares crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $18.29 and traded as low as $18.12. Nuveen Mortgage and Income Fund shares last traded at $18.21, with a volume of 18,819 shares trading hands.

Nuveen Mortgage and Income Fund Trading Down 0.1 %

The stock’s 50 day moving average price is $18.29 and its 200 day moving average price is $17.95.

Nuveen Mortgage and Income Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be paid a dividend of $0.154 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $1.85 dividend on an annualized basis and a yield of 10.20%. This is an increase from Nuveen Mortgage and Income Fund’s previous monthly dividend of $0.15.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Private Client Services LLC increased its stake in Nuveen Mortgage and Income Fund by 39.2% during the third quarter. Private Client Services LLC now owns 134,308 shares of the company’s stock worth $2,475,000 after acquiring an additional 37,821 shares during the last quarter. International Assets Investment Management LLC increased its position in Nuveen Mortgage and Income Fund by 1,743.0% during the 3rd quarter. International Assets Investment Management LLC now owns 54,553 shares of the company’s stock worth $1,005,000 after purchasing an additional 51,593 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its position in Nuveen Mortgage and Income Fund by 2.8% during the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 36,542 shares of the company’s stock worth $658,000 after purchasing an additional 1,000 shares in the last quarter. Choreo LLC purchased a new position in Nuveen Mortgage and Income Fund in the first quarter valued at approximately $259,000. Finally, Atomi Financial Group Inc. acquired a new position in Nuveen Mortgage and Income Fund during the third quarter valued at approximately $191,000.

About Nuveen Mortgage and Income Fund

Nuveen Mortgage and Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC, Nuveen Asset Management, LLC, and Wellington Management Company LLP. It invests in the fixed income markets of the United States. The fund invests in undervalued mortgage-backed securities consisting primarily of non-agency residential mortgage-backed securities and commercial mortgage-backed securities with a favorable total return potential.