Nuveen Mortgage and Income Fund (JLS) To Go Ex-Dividend on May 15th

Nuveen Mortgage and Income Fund (NYSE:JLS) announced a monthly dividend on Friday, May 1st. Shareholders of record on Friday, May 15th will be paid a dividend of 0.1535 per share on Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 10.0%. The ex-dividend date of this dividend is Friday, May 15th.

Nuveen Mortgage and Income Fund Stock Performance

JLS traded down $0.05 during midday trading on Wednesday, reaching $18.51. 8,202 shares of the company were exchanged, compared to its average volume of 18,155. The company’s fifty day moving average price is $18.24 and its 200 day moving average price is $18.42. Nuveen Mortgage and Income Fund has a one year low of $17.45 and a one year high of $19.09.

Institutional Trading of Nuveen Mortgage and Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in the company. Cetera Investment Advisers grew its holdings in shares of Nuveen Mortgage and Income Fund by 4.3% in the second quarter. Cetera Investment Advisers now owns 13,349 shares of the company’s stock valued at $250,000 after acquiring an additional 549 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Nuveen Mortgage and Income Fund by 5.3% in the second quarter. First Trust Advisors LP now owns 26,741 shares of the company’s stock valued at $501,000 after acquiring an additional 1,339 shares in the last quarter. LPL Financial LLC grew its holdings in shares of 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 acquiring an additional 1,365 shares in the last quarter. Eagle Bay Advisors LLC bought a new position in shares of Nuveen Mortgage and Income Fund in the fourth quarter valued at approximately $25,000. Finally, International Assets Investment Management LLC bought a new position in shares of Nuveen Mortgage and Income Fund in the fourth quarter valued at approximately $54,000.

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.