Nuveen Multi-Market Income Fund (NYSE:JMM - Get Free Report)'s share price fell 0.2% during mid-day trading on Wednesday . The company traded as low as $6.05 and last traded at $6.14. 16,511 shares were traded during trading, an increase of 141% from the average session volume of 6,856 shares. The stock had previously closed at $6.15.
Nuveen Multi-Market Income Fund Stock Down 0.1%
The firm has a fifty day moving average price of $6.07 and a 200 day moving average price of $6.08.
Nuveen Multi-Market Income Fund Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be paid a $0.029 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 5.66%. The ex-dividend date of this dividend is Thursday, May 15th.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of JMM. Sit Investment Associates Inc. lifted its stake in Nuveen Multi-Market Income Fund by 0.4% in the 1st quarter. Sit Investment Associates Inc. now owns 5,596,197 shares of the company's stock valued at $34,808,000 after purchasing an additional 20,914 shares during the last quarter. 1607 Capital Partners LLC increased its position in Nuveen Multi-Market Income Fund by 1.7% during the fourth quarter. 1607 Capital Partners LLC now owns 524,932 shares of the company's stock worth $3,176,000 after buying an additional 8,850 shares during the last quarter. Aviance Capital Partners LLC raised 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 buying an additional 6,802 shares during the period. Stratos Wealth Partners LTD. acquired a new stake in shares of Nuveen Multi-Market Income Fund in the first quarter valued at approximately $119,000. Finally, Wells Fargo & Company MN lifted its position in shares of Nuveen Multi-Market Income Fund by 50.4% in the fourth quarter. Wells Fargo & Company MN now owns 10,456 shares of the company's stock valued at $63,000 after buying an additional 3,506 shares during the last quarter. Institutional investors own 67.34% of the company's stock.
Nuveen Multi-Market Income Fund Company Profile
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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.
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