Nuveen Mortgage and Income Fund (NYSE:JLS – Get Free Report)’s stock price 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.
Nuveen Mortgage and Income Fund Trading Up 0.9%
The business’s fifty day simple moving average is $16.44 and its two-hundred day simple moving average is $17.58.
Nuveen Mortgage and Income Fund Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be paid a $0.1535 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 11.2%. The ex-dividend date is Friday, November 13th.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Choreo LLC bought a new position in shares of Nuveen Mortgage and Income Fund during the third quarter worth $171,000. Venture Visionary Partners LLC lifted its stake in Nuveen Mortgage and Income Fund by 33.5% in the third quarter. Venture Visionary Partners LLC now owns 62,448 shares of the company’s stock valued at $1,022,000 after buying an additional 15,666 shares during the last quarter. Noble Wealth Management PBC bought a new stake in shares of Nuveen Mortgage and Income Fund in the 3rd quarter valued at approximately $27,000. Hennion & Walsh Asset Management Inc. raised its position in Nuveen Mortgage and Income Fund by 14.7% in the 2nd 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 during the last quarter. Finally, Concorde Asset Management LLC grew its holdings in shares of Nuveen Mortgage and Income Fund by 18.5% during the first quarter. Concorde Asset Management LLC now owns 27,080 shares of the company’s stock worth $495,000 after buying an additional 4,230 shares in the last quarter.
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.
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