Nuveen Mortgage and Income Fund (NYSE:JLS) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Shares of Nuveen Mortgage and Income Fund (NYSE:JLS) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $18.10 and traded as low as $17.17. Nuveen Mortgage and Income Fund shares last traded at $17.2650, with a volume of 27,275 shares.

Nuveen Mortgage and Income Fund Price Performance

The stock has a 50-day moving average price of $17.62 and a two-hundred day moving average price of $18.10.

Nuveen Mortgage and Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 15th will be paid a $0.1535 dividend. The ex-dividend date is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 10.7%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Cetera Investment Advisers increased its position in shares of Nuveen Mortgage and Income Fund by 4.3% in the 2nd quarter. Cetera Investment Advisers now owns 13,349 shares of the company’s stock valued at $250,000 after acquiring an additional 549 shares during the period. First Trust Advisors LP lifted its position in Nuveen Mortgage and Income Fund by 5.3% during the 2nd quarter. First Trust Advisors LP now owns 26,741 shares of the company’s stock worth $501,000 after acquiring an additional 1,339 shares during the period. Ameriprise Financial Inc. grew its stake in Nuveen Mortgage and Income Fund by 22.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 197,936 shares of the company’s stock valued at $3,709,000 after purchasing an additional 36,688 shares during the last quarter. Hennion & Walsh Asset Management Inc. purchased a new stake in Nuveen Mortgage and Income Fund during the 4th quarter valued at about $247,000. Finally, Eagle Bay Advisors LLC acquired a new position in shares of Nuveen Mortgage and Income Fund in the fourth quarter valued at about $25,000.

Nuveen Mortgage and Income Fund Company Profile

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.