Hilton Capital Management buys $10,738,594 stake in Nuveen Mortgage Opportunity Term Fund (JLS)

Nuveen Mortgage Opportunity Term Fund (JLS) : Hilton Capital Management scooped up 30,452 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 Oct 11, 2016. The investment management firm now holds a total of 445,400 shares of Nuveen Mortgage Opportunity Term Fund which is valued at $10,738,594.Nuveen Mortgage Opportunity Term Fund makes up approximately 2.80% of Hilton Capital Management’s portfolio.

Other Hedge Funds, Including , Independent Portfolio Consultants boosted its stake in JLS in the latest quarter, The investment management firm added 4,170 additional shares and now holds a total of 16,480 shares of Nuveen Mortgage Opportunity Term Fund which is valued at $394,861. Nuveen Mortgage Opportunity Term Fund makes up approx 0.12% of Independent Portfolio Consultants’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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