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

Shares of Nuveen Mortgage and Income Fund (NYSE:JLS) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $18.29 and traded as low as $18.12. Nuveen Mortgage and Income Fund shares last traded at $18.21, with a volume of 18,819 shares trading hands.

Nuveen Mortgage and Income Fund Stock Performance

The stock’s 50-day simple moving average is $18.29 and its two-hundred day simple moving average is $17.95.

Nuveen Mortgage and Income Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be paid a dividend of $0.154 per share. This is a positive change from Nuveen Mortgage and Income Fund’s previous monthly dividend of $0.15. This represents a $1.85 dividend on an annualized basis and a dividend yield of 10.15%. The ex-dividend date is Tuesday, October 15th.

Institutional Trading of Nuveen Mortgage and Income Fund

Large investors have recently made changes to their positions in the stock. International Assets Investment Management LLC boosted its stake in shares of Nuveen Mortgage and Income Fund by 1,743.0% during the third quarter. International Assets Investment Management LLC now owns 54,553 shares of the company’s stock valued at $1,005,000 after purchasing an additional 51,593 shares during the period. Atomi Financial Group Inc. purchased a new stake in shares of Nuveen Mortgage and Income Fund during the third quarter valued at $191,000. Private Client Services LLC boosted its stake in shares of Nuveen Mortgage and Income Fund by 39.2% during the third quarter. Private Client Services LLC now owns 134,308 shares of the company’s stock valued at $2,475,000 after purchasing an additional 37,821 shares during the period. Nations Financial Group Inc. IA ADV boosted its stake in shares of Nuveen Mortgage and Income Fund by 2.8% during the second quarter. Nations Financial Group Inc. IA ADV now owns 36,542 shares of the company’s stock valued at $658,000 after purchasing an additional 1,000 shares during the period. Finally, Clear Point Advisors Inc. purchased a new stake in shares of Nuveen Mortgage and Income Fund during the first quarter valued at $35,000.

About Nuveen Mortgage and Income Fund

Nuveen Mortgage and Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC, Nuveen Asset Management, LLC, and Wellington Management Company LLP. It invests in the fixed income markets of the United States. The fund invests in undervalued mortgage-backed securities consisting primarily of non-agency residential mortgage-backed securities and commercial mortgage-backed securities with a favorable total return potential.