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Insider Buy Insider Buy May 4, 2023

Parekh Aashh purchased ~$6K in Nuveen Mortgage and Income Fund stock

Nuveen Mortgage and Income Fund (JLS)  ·  Data via SEC EDGAR Form 4

Verity Signals Research Published Updated

= insider buy date

90-day return

+4.8%

vs SPY +11.5%

JLS price after insider trade by Parekh Aashh

Insider

Parekh Aashh

Role

Transaction

Open-Market Purchase

Approx. Value

~$6K

Trade Date

May 4, 2023

Company

Nuveen Mortgage and Income Fund

Ticker

JLS

Source

SEC EDGAR Form 4

Strong conviction signal

Scored above average across multiple factors. Roughly 15% of insider trades qualify as Strong.

~$6K purchase

A personal investment by a corporate insider. Even smaller trades can be meaningful when combined with other factors like timing and role.

+4.8% in 90 days (S&P 500: +11.5%)

This trade underperformed the S&P 500 by 6.7 percentage points. Not every insider trade wins. We track all of them so you can focus on the insiders with the best records.

PA

How good is Parekh Aashh at picking stocks?

Full track record: win rate, average return, and performance vs S&P 500

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On May 4, 2023, Parekh Aashh — a corporate insider at Nuveen Mortgage and Income Fund — filed a Form 4 with the SEC disclosing an open-market purchase of approximately ~$6K in Nuveen Mortgage and Income Fund (JLS) stock.

Under Section 16(a) of the Securities Exchange Act of 1934, corporate insiders must report all open-market stock transactions to the SEC within two business days. These filings — known as Form 4s — are publicly available on the SEC's EDGAR database. VeritySignals filters and scores the full Form 4 stream to surface high-conviction signals like this one.

In the 90 days following this trade, JLS returned +4.8% versus +11.5% for the S&P 500 over the same period.

Full Conviction Analysis

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All data sourced from publicly available SEC Form 4 filings via EDGAR · Not financial advice · Past performance does not guarantee future results.

Signal strength Strong
Trade size ~$6K
Insider role Insider
90-day return +4.8%
vs S&P 500 -6.7%

What is this?

When company executives buy or sell their own stock, they must report it to the SEC within 2 days. These public filings reveal what the people who know the company best are doing with their own money.

Why does it matter?

Insiders can sell for many reasons (taxes, diversification, expenses), but they generally only buy for one: they think the stock is going up. That's why insider purchases are more predictive than sales.

What makes a trade "strong"?

We score trades on 15+ factors: the insider's role (CEO > director), trade size relative to their salary, whether other insiders also bought (clusters), and historical accuracy of the insider.

Read our full methodology →

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