Nuveen Multi-Market Income Fund (NYSE:JMM) Shares Up 0.2% – Time to Buy?

Nuveen Multi-Market Income Fund (NYSE:JMM) shares were up 0.2% during trading on Tuesday . The stock traded as high as $6.18 and last traded at $6.1550. Approximately 9,835 shares were traded during mid-day trading, a decline of 6% from the average daily volume of 10,428 shares. The stock had previously closed at $6.14.

Nuveen Multi-Market Income Fund Price Performance

The company has a 50-day moving average price of $6.23 and a 200 day moving average price of $6.26.

Nuveen Multi-Market Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be issued a $0.029 dividend. The ex-dividend date is Friday, November 14th. This represents a c) dividend on an annualized basis and a yield of 5.7%.

Institutional Trading of Nuveen Multi-Market Income Fund

A number of institutional investors have recently modified their holdings of JMM. Sit Investment Associates Inc. raised its stake in shares of Nuveen Multi-Market Income Fund by 0.4% during the 1st quarter. Sit Investment Associates Inc. now owns 5,596,197 shares of the company’s stock worth $34,808,000 after acquiring an additional 20,914 shares in the last quarter. Stratos Wealth Partners LTD. grew its holdings in Nuveen Multi-Market Income Fund by 37.6% in the second quarter. Stratos Wealth Partners LTD. now owns 26,263 shares of the company’s stock worth $165,000 after purchasing an additional 7,174 shares during the last quarter. Aviance Capital Partners LLC increased its position 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 purchasing an additional 2,299 shares in the last quarter. Advisors Asset Management Inc. purchased a new stake in shares of Nuveen Multi-Market Income Fund during the 2nd quarter valued at $647,000. Finally, M Holdings Securities Inc. purchased a new stake in shares of Nuveen Multi-Market Income Fund during the 2nd quarter valued at $230,000. 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.