Nuveen Mortgage and Income Fund (NYSE:JLS) Stock Price Crosses Below 50 Day Moving Average – Should You Sell?

Nuveen Mortgage and Income Fund (NYSE:JLS)’s stock price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $18.27 and traded as low as $17.59. Nuveen Mortgage and Income Fund shares last traded at $17.5950, with a volume of 22,441 shares.

Nuveen Mortgage and Income Fund Stock Down 0.3%

The firm has a 50 day moving average of $18.27 and a 200-day moving average of $18.34.

Nuveen Mortgage and Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be issued a dividend of $0.1535 per share. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 10.5%.

Institutional Trading of Nuveen Mortgage and Income Fund

Hedge funds have recently bought and sold shares of the stock. First Trust Advisors LP lifted its holdings in Nuveen Mortgage and Income Fund by 12.5% during the third quarter. First Trust Advisors LP now owns 30,081 shares of the company’s stock worth $563,000 after buying an additional 3,340 shares during the period. Cetera Investment Advisers lifted its holdings in Nuveen Mortgage and Income Fund by 8.9% during the fourth quarter. Cetera Investment Advisers now owns 17,511 shares of the company’s stock worth $319,000 after buying an additional 1,437 shares during the period. Stifel Financial Corp purchased a new stake in Nuveen Mortgage and Income Fund during the fourth quarter worth $218,000. LPL Financial LLC lifted its holdings in Nuveen Mortgage and Income Fund by 13.4% during the fourth quarter. LPL Financial LLC now owns 11,564 shares of the company’s stock worth $210,000 after buying an additional 1,365 shares during the period. Finally, Fiera Capital Corp lifted its holdings in Nuveen Mortgage and Income Fund by 105.3% during the fourth quarter. Fiera Capital Corp now owns 67,693 shares of the company’s stock worth $1,231,000 after buying an additional 34,716 shares during the period.

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.