Nuveen Multi-Market Income Fund (NYSE:JMM) Shares Down 0.6% – Here’s What Happened

Shares of Nuveen Multi-Market Income Fund (NYSE:JMM) traded down 0.6% on Wednesday . The stock traded as low as $6.35 and last traded at $6.34. 2,578 shares traded hands during trading, a decline of 56% from the average session volume of 5,903 shares. The stock had previously closed at $6.38.

Nuveen Multi-Market Income Fund Stock Performance

The company has a fifty day simple moving average of $6.35 and a two-hundred day simple moving average of $6.21.

Nuveen Multi-Market Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be issued a dividend of $0.029 per share. The ex-dividend date is Monday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Sit Investment Associates Inc. grew its holdings in shares of Nuveen Multi-Market Income Fund by 0.4% during the first quarter. Sit Investment Associates Inc. now owns 5,596,197 shares of the company’s stock worth $34,808,000 after buying an additional 20,914 shares in the last quarter. Aviance Capital Partners LLC grew its holdings in shares of Nuveen Multi-Market Income Fund by 2.0% during the second quarter. Aviance Capital Partners LLC now owns 115,719 shares of the company’s stock worth $727,000 after buying an additional 2,299 shares in the last quarter. Advisors Asset Management Inc. bought a new position in shares of Nuveen Multi-Market Income Fund during the second quarter worth about $647,000. M Holdings Securities Inc. bought a new position in shares of Nuveen Multi-Market Income Fund during the second quarter worth about $230,000. Finally, Stratos Wealth Partners LTD. grew its holdings in shares of Nuveen Multi-Market Income Fund by 37.6% during the second quarter. Stratos Wealth Partners LTD. now owns 26,263 shares of the company’s stock worth $165,000 after buying an additional 7,174 shares in the last quarter. 67.34% of the stock is currently owned by institutional investors.

Nuveen Multi-Market Income Fund Company Profile

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.