Relative Value Partners Group buys $31.8 Million stake in Nuveen Mortgage Opportunity Term Fund (JLS)

Nuveen Mortgage Opportunity Term Fund (JLS) : Relative Value Partners Group scooped up 181,608 additional shares in Nuveen Mortgage Opportunity Term Fund during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 1,379,402 shares of Nuveen Mortgage Opportunity Term Fund which is valued at $31.8 Million.Nuveen Mortgage Opportunity Term Fund makes up approximately 3.87% of Relative Value Partners Group’s portfolio.

Other Hedge Funds, Including , Tortoise Investment Management reduced its stake in JLS by selling 1,600 shares or 5.17% in the most recent quarter. The Hedge Fund company now holds 29,330 shares of JLS which is valued at $676,936. Nuveen Mortgage Opportunity Term Fund makes up approx 0.24% of Tortoise Investment Management’s portfolio. Mariner Investment Group sold out all of its stake in JLS during the most recent quarter. The investment firm sold 121,471 shares of JLS which is valued $2.8 Million.

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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