Nuveen Multi-Market Income Fund (NYSE:JMM) Stock Price Down 0.3% – What’s Next?

Nuveen Multi-Market Income Fund (NYSE:JMM)’s stock price traded down 0.3% during mid-day trading on Tuesday . The company traded as low as $6.17 and last traded at $6.1940. 530 shares traded hands during trading, a decline of 87% from the average session volume of 3,954 shares. The stock had previously closed at $6.21.

Nuveen Multi-Market Income Fund Price Performance

The business’s 50 day simple moving average is $6.11 and its 200 day simple moving average is $6.20.

Nuveen Multi-Market Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 13th will be given a dividend of $0.029 per share. The ex-dividend date is Friday, February 13th. This represents a c) annualized dividend and a yield of 5.6%.

Hedge Funds Weigh In On Nuveen Multi-Market Income Fund

Several hedge funds have recently bought and sold shares of the company. Seven Mile Advisory acquired a new stake in shares of Nuveen Multi-Market Income Fund in the 3rd quarter valued at $558,000. Wolverine Asset Management LLC acquired a new stake in shares of Nuveen Multi-Market Income Fund during the fourth quarter valued at about $85,000. Sit Investment Associates Inc. lifted its holdings in shares of Nuveen Multi-Market Income Fund by 1.7% during the fourth quarter. Sit Investment Associates Inc. now owns 5,731,653 shares of the company’s stock worth $34,619,000 after purchasing an additional 96,877 shares during the period. Susquehanna International Group LLP lifted its holdings in Nuveen Multi-Market Income Fund by 119.5% during the 3rd quarter. Susquehanna International Group LLP now owns 44,708 shares of the company’s stock worth $281,000 after buying an additional 24,342 shares during the period. Finally, Advisors Asset Management Inc. boosted its holdings in Nuveen Multi-Market Income Fund by 1.2% in the fourth quarter. Advisors Asset Management Inc. now owns 252,369 shares of the company’s stock valued at $1,524,000 after acquiring an additional 2,880 shares during the last quarter. 67.34% of the stock is owned by institutional investors.

About Nuveen Multi-Market Income Fund

Nuveen Multi-Market Income Fund (NYSE: JMM) is a diversified, closed-end management investment company managed by Nuveen, a leading global asset manager and subsidiary of TIAA. The fund seeks to provide high current income with the potential for capital appreciation by investing across multiple asset classes and geographies. Its structure allows investors to access a broad range of income-producing securities through a single vehicle.

JMM’s investment strategy emphasizes a multi-sector approach, allocating capital to fixed-income sectors such as investment-grade and high-yield corporate bonds, emerging market debt, mortgage- and asset-backed securities, as well as preferred stocks.