Nuveen Mortgage and Income Fund (JLS) to Issue Monthly Dividend of $0.15 on July 1st

Nuveen Mortgage and Income Fund (NYSE:JLS) announced a monthly dividend on Monday, June 1st. Investors of record on Monday, June 15th will be paid a dividend of 0.1535 per share on Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 10.3%. The ex-dividend date is Monday, June 15th.

Nuveen Mortgage and Income Fund Trading Up 0.5%

Shares of NYSE JLS opened at $17.91 on Friday. The firm has a 50-day moving average price of $18.26 and a 200 day moving average price of $18.32. Nuveen Mortgage and Income Fund has a 52 week low of $17.45 and a 52 week high of $19.09.

Hedge Funds Weigh In On Nuveen Mortgage and Income Fund

Several hedge funds have recently added to or reduced their stakes in JLS. Cetera Investment Advisers increased its holdings in Nuveen Mortgage and Income Fund by 4.3% during 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 in the last quarter. First Trust Advisors LP increased its holdings 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 valued at $501,000 after acquiring an additional 1,339 shares in the last quarter. Ameriprise Financial Inc. increased its holdings 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 acquiring an additional 36,688 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Nuveen Mortgage and Income Fund by 5.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 110,393 shares of the company’s stock valued at $2,067,000 after acquiring an additional 5,456 shares in the last quarter. Finally, Fiera Capital Corp increased its holdings in Nuveen Mortgage and Income Fund by 31.0% during the 3rd quarter. Fiera Capital Corp now owns 32,977 shares of the company’s stock valued at $617,000 after acquiring an additional 7,800 shares in 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.