SIT Investment Associates Amends Nuveen Mortgage & Income Fund Stake
Ticker: JLS · Form: SC 13G/A · Filed: Feb 7, 2024 · CIK: 1472215
| Field | Detail |
|---|---|
| Company | Nuveen Mortgage & Income Fund/Ma/ (JLS) |
| Form Type | SC 13G/A |
| Filed Date | Feb 7, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, closed-end-fund
TL;DR
**SIT Investment Associates just updated their stake in Nuveen Mortgage & Income Fund (JLS).**
AI Summary
SIT Investment Associates Inc. filed an amended SC 13G/A on February 7, 2024, for Nuveen Mortgage & Income Fund (JLS), indicating their ownership of the common stock as of December 31, 2023. This filing is an amendment (No. 6), suggesting a change in their previously reported holdings. While the exact change in share count isn't detailed in the provided text, the amendment signals that SIT Investment Associates Inc. has adjusted its position in the fund, which could reflect their updated investment strategy or market outlook for mortgage-backed securities. This matters to investors because significant changes by institutional investors like SIT can sometimes signal shifts in confidence or strategy regarding the fund's underlying assets.
Why It Matters
This filing shows an institutional investor, SIT Investment Associates Inc., has updated its position in Nuveen Mortgage & Income Fund, which can influence market perception and potentially the fund's liquidity.
Risk Assessment
Risk Level: low — This is a routine amendment filing by an institutional investor and does not inherently signal high risk for the average shareholder.
Analyst Insight
Investors should monitor future 13G/A filings from SIT Investment Associates Inc. to track their evolving sentiment and position size in Nuveen Mortgage & Income Fund, as significant changes could indicate a shift in institutional confidence.
Key Numbers
- 6 — Amendment Number (This is the 6th amendment to the original Schedule 13G filing by SIT Investment Associates Inc. for Nuveen Mortgage & Income Fund, indicating multiple prior changes in their reported ownership.)
- 670735109 — CUSIP Number (This unique identifier confirms the specific class of securities (Common Stock) of Nuveen Mortgage & Income Fund that SIT Investment Associates Inc. is reporting on.)
Key Players & Entities
- SIT Investment Associates Inc. (company) — the entity filing the SC 13G/A amendment
- Nuveen Mortgage & Income Fund (company) — the subject company whose common stock is being reported
- JLS (company) — the ticker symbol for Nuveen Mortgage & Income Fund
- December 31, 2023 (date) — the date of the event requiring the filing
- February 7, 2024 (date) — the date the SC 13G/A was filed
Forward-Looking Statements
- SIT Investment Associates Inc. will continue to actively manage its position in Nuveen Mortgage & Income Fund (JLS). (SIT Investment Associates Inc.) — medium confidence, target: 2025-02-07
FAQ
What type of filing is this and who filed it?
This is an SC 13G/A (Amendment No. 6) filing, which was filed by SIT Investment Associates Inc. regarding their ownership in Nuveen Mortgage & Income Fund/MA/.
What is the subject company of this filing?
The subject company is Nuveen Mortgage & Income Fund/MA/, with the ticker symbol JLS, and its CUSIP number is 670735109.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which required this filing was December 31, 2023.
When was this specific amendment filed with the SEC?
This amendment (Accession Number 0000769317-24-000021) was filed on February 7, 2024.
What rule under the Securities Exchange Act of 1934 is this Schedule 13G filed under?
This Schedule 13G is filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, as indicated by the 'X' in the appropriate box.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 7, 2024 regarding Nuveen Mortgage & Income Fund/MA/ (JLS).