Nuveen Mortgage and Income Fund (NYSE:JLS – Get Free Report) announced a monthly dividend on Monday, November 2nd. Stockholders of record on Friday, November 13th will be paid a dividend of $0.1535 per share on Tuesday, December 1st. This represents a $1.84 annualized dividend and a dividend yield of 11.2%. The ex-dividend date is Friday, November 13th.
Nuveen Mortgage and Income Fund Stock Down 0.5%
Shares of JLS opened at $16.50 on Wednesday. Nuveen Mortgage and Income Fund has a 52-week low of $16.01 and a 52-week high of $18.94. The stock has a 50 day moving average price of $16.46 and a 200 day moving average price of $17.61.
Institutional Trading of Nuveen Mortgage and Income Fund
Several institutional investors and hedge funds have recently made changes to their positions in JLS. Cetera Investment Advisers increased its position in Nuveen Mortgage and Income Fund by 128.6% during the first quarter. Cetera Investment Advisers now owns 40,038 shares of the company’s stock worth $726,000 after buying an additional 22,527 shares during the period. Venture Visionary Partners LLC raised its position in Nuveen Mortgage and Income Fund by 33.5% in the 3rd 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 last quarter. Choreo LLC acquired a new stake in Nuveen Mortgage and Income Fund during the 3rd quarter worth $171,000. Hennion & Walsh Asset Management Inc. grew its position in Nuveen Mortgage and Income Fund by 14.7% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 33,944 shares of the company’s stock worth $593,000 after purchasing an additional 4,361 shares during the last quarter. Finally, Concorde Asset Management LLC increased its stake in Nuveen Mortgage and Income Fund by 18.5% in the first 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 period.
Nuveen Mortgage and Income Fund Company Profile
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.
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