Nuveen Multi-Market Income Fund (NYSE:JMM) Shares Up 0.6% After Dividend Announcement

Key Points

• Nuveen Multi-Market Income Fund (NYSE:JMM) shares rose 0.6% following a dividend announcement, with the last trading price at $6.42.
• The newly declared $0.029 dividend will be issued to investors of record on August 15th, representing an annualized yield of 5.4%.
• Significant institutional activity includes Wells Fargo increasing its holdings by 50.4%, indicating strong investor interest in the fund.

Nuveen Multi-Market Income Fund (NYSE:JMM - ) shares traded up 0.6% on Monday following a dividend announcement from the company. The company traded as high as $6.42 and last traded at $6.42. 4,437 shares were traded during trading, a decline of 57% from the average session volume of 10,225 shares. The stock had previously closed at $6.38.The newly announced dividend which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be issued a $0.029 dividend. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend is Friday, August 15th.

Nuveen Multi-Market Income Fund Trading Up 0.6%

The stock's 50-day moving average is $6.26 and its two-hundred day moving average is $6.16.

Institutional Investors Weigh In On Nuveen Multi-Market Income Fund

A number of large investors have recently modified their holdings of the company. Wells Fargo & Company MN lifted its position in 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 acquiring an additional 3,506 shares during the last quarter. 1607 Capital Partners LLC lifted its holdings in shares of Nuveen Multi-Market Income Fund by 1.7% in the 4th 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 during the last quarter. Aviance Capital Partners LLC grew its stake in Nuveen Multi-Market Income Fund by 6.4% during the 1st quarter. Aviance Capital Partners LLC now owns 113,420 shares of the company's stock worth $705,000 after buying an additional 6,802 shares during the last quarter. Stratos Wealth Partners LTD. acquired a new position in Nuveen Multi-Market Income Fund during the first quarter worth approximately $119,000. Finally, Sit Investment Associates Inc. lifted its stake in Nuveen Multi-Market Income Fund by 0.4% in the first quarter. Sit Investment Associates Inc. now owns 5,596,197 shares of the company's stock valued at $34,808,000 after buying an additional 20,914 shares during the last quarter. 67.34% of the stock is owned by hedge funds and other institutional investors.

About Nuveen Multi-Market Income Fund

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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