Sit Investment Associates Inc. decreased its holdings in Nuveen Mortgage Opportunity Term Fund 2 (NYSE:JMT) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 185,392 shares of the investment management company’s stock after selling 2,680 shares during the period. Sit Investment Associates Inc. owned about 3.81% of Nuveen Mortgage Opportunity Term Fund 2 worth $4,401,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Ameriprise Financial Inc. purchased a new position in shares of Nuveen Mortgage Opportunity Term Fund 2 during the second quarter valued at $818,000. Wells Fargo & Company MN increased its stake in shares of Nuveen Mortgage Opportunity Term Fund 2 by 2.5% during the third quarter. Wells Fargo & Company MN now owns 1,032,461 shares of the investment management company’s stock valued at $25,348,000 after buying an additional 24,811 shares during the period. Finally, Icon Advisers Inc. Co. increased its stake in shares of Nuveen Mortgage Opportunity Term Fund 2 by 28.1% during the second quarter. Icon Advisers Inc. Co. now owns 32,349 shares of the investment management company’s stock valued at $795,000 after buying an additional 7,100 shares during the period.

Nuveen Mortgage Opportunity Term Fund 2 (NYSE JMT) opened at $23.25 on Friday. Nuveen Mortgage Opportunity Term Fund 2 has a 52 week low of $22.93 and a 52 week high of $25.40.

The company also recently declared a monthly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Friday, January 12th will be paid a dividend of $0.1125 per share. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $1.35 annualized dividend and a dividend yield of 5.81%.

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Nuveen Mortgage Opportunity Term Fund 2 Company Profile

Nuveen Mortgage Opportunity Term Fund 2 (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to generate attractive total returns through opportunistic investments in mortgage-backed security (MBS). It seeks to achieve its investment objective by investing primarily in non-agency residential MBS and commercial MBS.

Institutional Ownership by Quarter for Nuveen Mortgage Opportunity Term Fund 2 (NYSE:JMT)

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