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%.
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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