Nuveen Mortgage Opportunity Term Fund 2 (NYSE:JMT) Shares Cross Below 50-Day Moving Average of $22.46

Shares of Nuveen Mortgage Opportunity Term Fund 2 (NYSE:JMT) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $22.46 and traded as low as $22.48. Nuveen Mortgage Opportunity Term Fund 2 shares last traded at $22.50, with a volume of 846 shares traded.

The business has a 50-day moving average price of $22.46.

The business also recently announced a monthly dividend, which was paid on Thursday, August 1st. Stockholders of record on Monday, July 15th were given a dividend of $0.112 per share. The ex-dividend date of this dividend was Friday, July 12th. This represents a $1.34 annualized dividend and a dividend yield of 6.00%.

Several institutional investors have recently bought and sold shares of JMT. Magnus Financial Group LLC purchased a new stake in shares of Nuveen Mortgage Opportunity Term Fund 2 in the 1st quarter valued at approximately $200,000. Icon Advisers Inc. Co. acquired a new stake in Nuveen Mortgage Opportunity Term Fund 2 during the 1st quarter worth approximately $1,097,000. Patriot Financial Group Insurance Agency LLC lifted its holdings in Nuveen Mortgage Opportunity Term Fund 2 by 9.3% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 7,069 shares of the investment management company’s stock worth $159,000 after buying an additional 600 shares in the last quarter. Finally, Cordasco Financial Network acquired a new stake in Nuveen Mortgage Opportunity Term Fund 2 during the 1st quarter worth approximately $26,000.

About Nuveen Mortgage Opportunity Term Fund 2 (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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