Nuveen Multi-Market Income Fund (NYSE:JMM) Trading 0.3% Higher – Here’s Why

Nuveen Multi-Market Income Fund (NYSE:JMM)’s share price traded up 0.3% during mid-day trading on Tuesday . The company traded as high as $5.92 and last traded at $6.04. 1,064 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 6,841 shares. The stock had previously closed at $6.02.

Nuveen Multi-Market Income Fund Trading Up 0.3 %

The firm’s fifty day simple moving average is $6.09 and its 200 day simple moving average is $6.07.

Nuveen Multi-Market Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be paid a dividend of $0.029 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 5.76%.

Institutional Trading of Nuveen Multi-Market Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sit Investment Associates Inc. increased its holdings in shares of Nuveen Multi-Market Income Fund by 3.6% in the 4th quarter. Sit Investment Associates Inc. now owns 5,575,283 shares of the company’s stock valued at $33,730,000 after acquiring an additional 192,829 shares during the last quarter. 1607 Capital Partners LLC boosted its holdings in Nuveen Multi-Market Income Fund by 1.7% in the fourth quarter. 1607 Capital Partners LLC now owns 524,932 shares of the company’s stock valued at $3,176,000 after purchasing an additional 8,850 shares in the last quarter. Aviance Capital Partners LLC increased its stake in Nuveen Multi-Market Income Fund by 6.4% in the first quarter. Aviance Capital Partners LLC now owns 113,420 shares of the company’s stock valued at $705,000 after purchasing an additional 6,802 shares during the last quarter. Transform Wealth LLC acquired a new stake in Nuveen Multi-Market Income Fund during the fourth quarter worth approximately $326,000. Finally, Stratos Wealth Partners LTD. purchased a new stake in shares of Nuveen Multi-Market Income Fund during the 1st quarter worth approximately $119,000. 67.34% of the stock is currently owned by institutional investors and hedge funds.

About Nuveen Multi-Market Income Fund

Nuveen Multi-Market Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors.