Nuveen Mortgage Opportunity Term Fund 2 (NYSE:JMT) Shares Cross Above Fifty Day Moving Average of $22.39

Nuveen Mortgage Opportunity Term Fund 2 (NYSE:JMT)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $22.39 and traded as high as $22.33. Nuveen Mortgage Opportunity Term Fund 2 shares last traded at $22.33, with a volume of 649 shares trading hands.

The stock’s 50-day moving average price is $22.39 and its 200-day moving average price is $22.44.

The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be given a $0.112 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 6.06%.



Several institutional investors have recently made changes to their positions in JMT. Integrated Wealth Concepts LLC boosted its position in shares of Nuveen Mortgage Opportunity Term Fund 2 by 17.3% in the second quarter. Integrated Wealth Concepts LLC now owns 500,974 shares of the investment management company’s stock valued at $10,998,000 after acquiring an additional 73,722 shares during the period. Magnus Financial Group LLC bought a new stake in shares of Nuveen Mortgage Opportunity Term Fund 2 in the first quarter valued at about $200,000. Morgan Stanley boosted its position in shares of Nuveen Mortgage Opportunity Term Fund 2 by 1.7% in the second quarter. Morgan Stanley now owns 85,155 shares of the investment management company’s stock valued at $1,915,000 after acquiring an additional 1,457 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC boosted its position in shares of Nuveen Mortgage Opportunity Term Fund 2 by 7.1% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 7,572 shares of the investment management company’s stock valued at $170,000 after acquiring an additional 503 shares during the period.

Nuveen Mortgage Opportunity Term Fund 2 Company Profile (NYSE:JMT)

Nuveen Mortgage Opportunity Term Fund 2 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.

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