Nuveen Mortgage and Income Fund (NYSE:JLS) Share Price Crosses Above Fifty Day Moving Average of $17.85

Nuveen Mortgage and Income Fund (NYSE:JLS) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $17.85 and traded as high as $18.06. Nuveen Mortgage and Income Fund shares last traded at $17.94, with a volume of 17,684 shares trading hands.

Nuveen Mortgage and Income Fund Stock Performance

The stock’s 50 day moving average price is $17.86 and its 200-day moving average price is $17.51.

Nuveen Mortgage and Income Fund Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Monday, July 15th will be paid a $0.1535 dividend. The ex-dividend date is Monday, July 15th. This represents a $1.84 annualized dividend and a yield of 10.27%.

Institutional Investors Weigh In On Nuveen Mortgage and Income Fund

Several institutional investors have recently bought and sold shares of the company. Nations Financial Group Inc. IA ADV boosted its stake in Nuveen Mortgage and Income Fund by 3.4% in the first quarter. Nations Financial Group Inc. IA ADV now owns 35,542 shares of the company’s stock valued at $631,000 after acquiring an additional 1,175 shares in the last quarter. Clear Point Advisors Inc. acquired a new stake in Nuveen Mortgage and Income Fund in the first quarter valued at approximately $35,000. Melfa Wealth Management LLC acquired a new stake in Nuveen Mortgage and Income Fund in the fourth quarter valued at approximately $181,000. Choreo LLC acquired a new stake in Nuveen Mortgage and Income Fund in the first quarter valued at approximately $259,000. Finally, International Assets Investment Management LLC boosted its stake in Nuveen Mortgage and Income Fund by 1,588.0% in the fourth quarter. International Assets Investment Management LLC now owns 53,341 shares of the company’s stock valued at $900,000 after acquiring an additional 50,181 shares in the last quarter.

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.