Nuveen Mortgage and Income Fund (NYSE:JLS) Shares Cross Below Fifty Day Moving Average – Time to Sell?

Nuveen Mortgage and Income Fund (NYSE:JLS) shares crossed below its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $16.75 and traded as low as $16.27. Nuveen Mortgage and Income Fund shares last traded at $16.46, with a volume of 33,695 shares.

Nuveen Mortgage and Income Fund Stock Up 1.3%

The firm’s 50-day simple moving average is $16.75 and its 200 day simple moving average is $17.51.

Nuveen Mortgage and Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be paid a dividend of $0.1535 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $1.84 annualized dividend and a yield of 11.2%.

Institutional Trading of Nuveen Mortgage and Income Fund

Several large investors have recently added to or reduced their stakes in the company. Venture Visionary Partners LLC boosted its position in Nuveen Mortgage and Income Fund by 33.5% during the third quarter. Venture Visionary Partners LLC now owns 62,448 shares of the company’s stock valued at $1,022,000 after purchasing an additional 15,666 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of Nuveen Mortgage and Income Fund by 128.6% during the 1st quarter. Cetera Investment Advisers now owns 40,038 shares of the company’s stock worth $726,000 after purchasing an additional 22,527 shares in the last quarter. First Trust Advisors LP raised its position in Nuveen Mortgage and Income Fund by 12.7% in the first quarter. First Trust Advisors LP now owns 35,876 shares of the company’s stock worth $650,000 after purchasing an additional 4,035 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in shares of 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 worth $593,000 after purchasing an additional 4,361 shares during the last quarter. Finally, Concorde Asset Management LLC raised its position in Nuveen Mortgage and Income Fund by 18.5% in the 1st quarter. Concorde Asset Management LLC now owns 27,080 shares of the company’s stock valued at $495,000 after purchasing an additional 4,230 shares during the last quarter.

Nuveen Mortgage and Income Fund Company Profile

Nuveen Mortgage and Income Fund (NYSE: JLS) is a closed-end management investment company sponsored by Nuveen, an investment management firm and subsidiary of TIAA. The fund seeks to provide investors with current income and, to a lesser extent, capital appreciation through a portfolio of mortgage-related investments.

JLS invests primarily in residential and commercial mortgage-backed securities and other debt instruments linked to the U.S. housing and commercial real estate markets. Its portfolio may include securities issued or guaranteed by government-sponsored entities, privately issued mortgage-backed securities, and other mortgage-related instruments.