Nuveen Multi-Market Income Fund Declares Monthly Dividend of $0.03 (NYSE:JMM)

Key Points

• Nuveen Multi-Market Income Fund (NYSE:JMM) has declared a monthly dividend of $0.03 per share, payable to shareholders on record as of August 15th, with an annualized yield of 5.4%.
• As of the latest trading session, shares of JMM increased by 0.6%, reaching a price of $6.42.
• Institutional investors hold approximately 67.34% of Nuveen Multi-Market Income Fund's shares, with notable increases in holdings by several hedge funds recently.

Nuveen Multi-Market Income Fund (NYSE:JMM - Get Free Report) announced a monthly dividend on Monday, August 4th, Wall Street Journal reports. Investors of record on Friday, August 15th will be paid a dividend of 0.029 per share on Tuesday, September 2nd. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Friday, August 15th.

Nuveen Multi-Market Income Fund Stock Performance

Shares of JMM stock traded down $0.03 on Wednesday, hitting $6.39. 7,241 shares of the stock traded hands, compared to its average volume of 7,141. The company's fifty day moving average is $6.27 and its 200 day moving average is $6.16. Nuveen Multi-Market Income Fund has a 1-year low of $5.68 and a 1-year high of $6.47.

Institutional Investors Weigh In On Nuveen Multi-Market Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Aviance Capital Partners LLC lifted its stake in shares of Nuveen Multi-Market Income Fund by 2.0% in the second quarter. Aviance Capital Partners LLC now owns 115,719 shares of the company's stock valued at $727,000 after buying an additional 2,299 shares during the period. Stratos Wealth Partners LTD. lifted its position in shares of Nuveen Multi-Market Income Fund by 37.6% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 26,263 shares of the company's stock worth $165,000 after acquiring an additional 7,174 shares during the period. Sit Investment Associates Inc. grew its holdings 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 purchasing an additional 20,914 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Nuveen Multi-Market Income Fund by 50.4% during the fourth quarter. Wells Fargo & Company MN now owns 10,456 shares of the company's stock valued at $63,000 after purchasing an additional 3,506 shares during the period. Finally, 1607 Capital Partners LLC raised its stake in shares of 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. 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.