Nuveen Mortgage and Income Fund (NYSE:JLS) Shares Pass Below 50-Day Moving Average – Time to Sell?

Nuveen Mortgage and Income Fund (NYSE:JLS)’s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $18.06 and traded as low as $17.32. Nuveen Mortgage and Income Fund shares last traded at $17.36, with a volume of 34,308 shares.

Nuveen Mortgage and Income Fund Price Performance

The company has a fifty day simple moving average of $18.06 and a 200-day simple moving average of $18.24.

Nuveen Mortgage and Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be issued a $0.1535 dividend. This represents a c) annualized dividend and a dividend yield of 10.6%. The ex-dividend date is Monday, June 15th.

Institutional Investors Weigh In On Nuveen Mortgage and Income Fund

Hedge funds have recently made changes to their positions in the company. Concorde Asset Management LLC grew its holdings in shares of Nuveen Mortgage and Income Fund by 18.5% during the first quarter. Concorde Asset Management LLC now owns 27,080 shares of the company’s stock valued at $495,000 after buying an additional 4,230 shares in the last quarter. Cetera Investment Advisers lifted 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 valued at $726,000 after buying an additional 22,527 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Nuveen Mortgage and Income Fund by 12.7% during the 1st quarter. First Trust Advisors LP now owns 35,876 shares of the company’s stock valued at $650,000 after buying an additional 4,035 shares during the last quarter. Compound Planning Inc. grew its stake in shares of Nuveen Mortgage and Income Fund by 224.8% in the 4th quarter. Compound Planning Inc. now owns 41,705 shares of the company’s stock valued at $759,000 after buying an additional 28,863 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Nuveen Mortgage and Income Fund by 107.9% in the 4th quarter. Invesco Ltd. now owns 38,179 shares of the company’s stock valued at $694,000 after buying an additional 19,815 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.