Nuveen Mortgage and Income Fund (NYSE:JLS) Declares Monthly Dividend of $0.15

Nuveen Mortgage and Income Fund (NYSE:JLS) declared a monthly dividend on Monday, February 2nd. Investors of record on Friday, February 13th will be paid a dividend of 0.1535 per share on Monday, March 2nd. This represents a c) annualized dividend and a yield of 9.9%. The ex-dividend date is Friday, February 13th.

Nuveen Mortgage and Income Fund Price Performance

JLS stock traded up $0.04 during midday trading on Tuesday, reaching $18.67. The company’s stock had a trading volume of 909 shares, compared to its average volume of 19,666. Nuveen Mortgage and Income Fund has a 52 week low of $16.80 and a 52 week high of $19.25. The business’s 50-day simple moving average is $18.38 and its 200-day simple moving average is $18.66.

Institutional Investors Weigh In On Nuveen Mortgage and Income Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Eagle Bay Advisors LLC bought a new position in Nuveen Mortgage and Income Fund during the fourth quarter worth about $25,000. Hennion & Walsh Asset Management Inc. acquired a new position in Nuveen Mortgage and Income Fund during the fourth quarter valued at approximately $247,000. Cetera Investment Advisers increased its stake in 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 purchasing an additional 549 shares in the last quarter. First Trust Advisors LP raised its holdings in 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 worth $501,000 after purchasing an additional 1,339 shares during the period. Finally, Fiera Capital Corp boosted its position in shares of Nuveen Mortgage and Income Fund by 31.0% during the third quarter. Fiera Capital Corp now owns 32,977 shares of the company’s stock worth $617,000 after purchasing 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.