Nuveen Multi-Market Income Fund (NYSE:JMM - Get Free Report) was up 2.1% on Friday . The stock traded as high as $6.44 and last traded at $6.41. Approximately 55,267 shares were traded during trading, an increase of 670% from the average daily volume of 7,176 shares. The stock had previously closed at $6.28.
Nuveen Multi-Market Income Fund Stock Performance
The firm has a 50-day moving average of $6.20 and a two-hundred day moving average of $6.13.
Nuveen Multi-Market Income Fund Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 15th will be given a dividend of $0.029 per share. The ex-dividend date is Tuesday, July 15th. This represents a $0.35 dividend on an annualized basis and a yield of 5.48%.
Institutional Trading of Nuveen Multi-Market Income Fund
Several hedge funds have recently added to or reduced their stakes in JMM. Sit Investment Associates Inc. increased its holdings in shares of Nuveen Multi-Market Income Fund by 0.4% during the first quarter. Sit Investment Associates Inc. now owns 5,596,197 shares of the company's stock worth $34,808,000 after buying an additional 20,914 shares in the last quarter. Stratos Wealth Partners LTD. purchased a new stake in Nuveen Multi-Market Income Fund in the 1st quarter valued at about $119,000. Aviance Capital Partners LLC increased its stake in Nuveen Multi-Market Income Fund by 6.4% in the 1st 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 last quarter. Wells Fargo & Company MN grew its position in shares of Nuveen Multi-Market Income Fund by 50.4% during the 4th 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 period. Finally, 1607 Capital Partners LLC boosted its holdings in 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 worth $3,176,000 after buying an additional 8,850 shares during the period. Institutional investors and hedge funds own 67.34% of the company's stock.
About Nuveen Multi-Market Income Fund
(
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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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