Relative Value Partners Discloses Significant Nuveen Mortgage Fund Stake
Ticker: JLS · Form: SC 13G · Filed: Feb 12, 2024 · CIK: 1472215
| Field | Detail |
|---|---|
| Company | Nuveen Mortgage & Income Fund/Ma/ (JLS) |
| Form Type | SC 13G |
| Filed Date | Feb 12, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, form-13g
TL;DR
**Relative Value Partners Group just revealed a big stake in Nuveen Mortgage & Income Fund, signaling institutional confidence.**
AI Summary
Relative Value Partners Group, LLC reported on February 12, 2024, that as of December 31, 2023, they hold a significant stake in Nuveen Mortgage & Income Fund/MA/. This filing indicates that Relative Value Partners Group, LLC is a substantial shareholder, which could signal their confidence in the fund's future performance. For investors, this means a notable institutional investor sees value in the Nuveen Mortgage & Income Fund, potentially influencing other investors' perceptions and the stock's stability.
Why It Matters
This filing reveals a major institutional investor's position, which can be a vote of confidence and potentially influence the stock's perceived value and stability.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of ownership and does not inherently present new risks to investors.
Analyst Insight
Smart investors should note the institutional interest from Relative Value Partners Group, LLC, but conduct their own due diligence on Nuveen Mortgage & Income Fund's fundamentals before making investment decisions.
Key Numbers
- 670735109 — CUSIP Number (identifies the class of securities (Common Shares) of Nuveen Mortgage & Income Fund)
- 47-4067697 — IRS Identification No. (identifies Relative Value Partners Group, LLC)
Key Players & Entities
- Relative Value Partners Group, LLC (company) — the reporting person and significant shareholder
- Nuveen Mortgage & Income Fund/MA/ (company) — the subject company (issuer) in which shares are held
- Delaware (company) — place of organization for Relative Value Partners Group, LLC
- December 31, 2023 (date) — the date of the event which requires the filing
- February 12, 2024 (date) — the filing date
Forward-Looking Statements
- Relative Value Partners Group, LLC will maintain its stake in Nuveen Mortgage & Income Fund for the foreseeable future. (Relative Value Partners Group, LLC) — medium confidence, target: 2025-02-12
FAQ
What is the purpose of an SC 13G filing?
An SC 13G filing is an information statement filed pursuant to Rules 13d-1 and 13d-2 under the Securities Exchange Act of 1934, used by passive investors who acquire more than 5% of a company's stock but do not intend to influence or control the company.
Who is the 'Reporting Person' in this filing?
The 'Reporting Person' in this filing is Relative Value Partners Group, LLC, as stated on the cover page and Item 1 of the Schedule 13G.
What is the 'Name of Issuer' for the securities mentioned in this filing?
The 'Name of Issuer' is NUVEEN MORTGAGE AND INCOME FUND, as specified on the Schedule 13G form.
What is the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' is December 31, 2023, as indicated on the Schedule 13G form.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box on the cover page.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on February 12, 2024 regarding Nuveen Mortgage & Income Fund/MA/ (JLS).