Nuveen Mortgage and Income Fund Announces Monthly Dividend of $0.15 (NYSE:JLS)

Nuveen Mortgage and Income Fund (NYSE:JLS) declared a monthly dividend on Monday, March 2nd. Stockholders of record on Friday, March 13th will be given a dividend of 0.1535 per share on Wednesday, April 1st. This represents a c) annualized dividend and a dividend yield of 10.0%. The ex-dividend date of this dividend is Friday, March 13th.

Nuveen Mortgage and Income Fund Price Performance

Shares of NYSE:JLS traded up $0.02 during trading on Wednesday, reaching $18.39. 4,420 shares of the company’s stock traded hands, compared to its average volume of 19,451. Nuveen Mortgage and Income Fund has a 12 month low of $16.80 and a 12 month high of $19.25. The company has a 50 day moving average of $18.44 and a 200-day moving average of $18.62.

Institutional Trading of Nuveen Mortgage and Income Fund

A number of institutional investors and hedge funds have recently made changes to their positions in JLS. Eagle Bay Advisors LLC acquired a new position in Nuveen Mortgage and Income Fund during the 4th quarter valued at approximately $25,000. International Assets Investment Management LLC bought a new stake in Nuveen Mortgage and Income Fund in the fourth quarter valued at $54,000. LPL Financial LLC lifted its stake in Nuveen Mortgage and Income Fund by 13.4% in the fourth quarter. LPL Financial LLC now owns 11,564 shares of the company’s stock valued at $210,000 after buying an additional 1,365 shares during the last quarter. Stifel Financial Corp acquired a new position in shares of Nuveen Mortgage and Income Fund during the fourth quarter valued at $218,000. Finally, Cetera Investment Advisers grew its position in shares of Nuveen Mortgage and Income Fund by 4.3% during the second quarter. Cetera Investment Advisers now owns 13,349 shares of the company’s stock worth $250,000 after acquiring an additional 549 shares during the last quarter.

About Nuveen Mortgage and Income Fund

Nuveen Mortgage and Income Fund (NYSE: JLS) is a closed-end management investment company that primarily invests in U.S. residential mortgage-backed securities. The fund seeks to generate current income with the potential for capital appreciation by allocating assets across a diversified portfolio of agency and non-agency residential mortgage-backed securities, adjustable-rate mortgage securities and mortgage servicing rights. To enhance returns, the fund may employ leverage through repurchase agreements, preferred shares or other financing arrangements.

Since its inception in July 2006, Nuveen Mortgage and Income Fund has focused on navigating various interest-rate and credit-cycle environments through active duration management and credit analysis.