New Vernon Investment Management adds Nuveen Mortgage Opportunity Term Fund (JLS) to its portfolio

Nuveen Mortgage Opportunity Term Fund (JLS) : New Vernon Investment Management added new position in Nuveen Mortgage Opportunity Term Fund during the most recent quarter end. The investment management firm now holds 175,000 shares of Nuveen Mortgage Opportunity Term Fund which is valued at $4 Million , the company said in a statement filed on May 13, 2016 with the SEC.Nuveen Mortgage Opportunity Term Fund makes up approximately 3.48% of New Vernon Investment Management’s portfolio.

Other Hedge Funds, Including , Private Advisor Group added JLS to its portfolio by purchasing 22,695 company shares during the most recent quarter which is valued at $523,120. Nuveen Mortgage Opportunity Term Fund makes up approx 0.03% of Private Advisor Group’s portfolio. First Allied Advisory Services sold out all of its stake in JLS during the most recent quarter. The investment firm sold 9,746 shares of JLS which is valued $224,645.Bessemer Group Inc reduced its stake in JLS by selling 8,880 shares or 4.08% in the most recent quarter. The Hedge Fund company now holds 208,664 shares of JLS which is valued at $4.8 Million. Nuveen Mortgage Opportunity Term Fund makes up approx 0.03% of Bessemer Group Inc’s portfolio.Hilton Capital Management reduced its stake in JLS by selling 3,796 shares or 0.98% in the most recent quarter. The Hedge Fund company now holds 383,726 shares of JLS which is valued at $8.9 Million. Nuveen Mortgage Opportunity Term Fund makes up approx 3.03% of Hilton Capital Management’s portfolio.

Nuveen Mortgage Opportunity Term Fund (the Fund) is a non-diversified closed-end registered investment company. The Funds’ investment adviser is Nuveen Fund Advisors LLC. The Fund’s investment objective is to generate attractive total returns through opportunistic investments in mortgage backed security (MBS). The Fund seeks to achieve its investment objective by investing primarily in non-agency residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities (CMBS). The Fund also invests up to 20% of its managed assets in other permitted investments including cash and cash equivalents the United States treasury securities non-mortgage related asset-backed securities inverse floating rate securities municipal securities interest rate futures interest rate swaps and swaptions non-MBS credit default swaps and other synthetic mortgage-related exposure including equity investments in mortgage real estate investment trusts.

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