Nuveen Multi-Market Income Fund (NYSE:JMM - Get Free Report) shot up 2.1% on Friday . The stock traded as high as $6.44 and last traded at $6.41. 55,267 shares changed hands during mid-day trading, an increase of 670% from the average session volume of 7,176 shares. The stock had previously closed at $6.28.
Nuveen Multi-Market Income Fund Stock Up 2.1%
The company has a fifty day simple moving average of $6.19 and a two-hundred day simple moving average of $6.12.
Nuveen Multi-Market Income Fund Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 15th will be issued 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 dividend yield of 5.43%.
Hedge Funds Weigh In On Nuveen Multi-Market Income Fund
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Sit Investment Associates Inc. grew its position in shares of 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 buying an additional 20,914 shares during the last quarter. Stratos Wealth Partners LTD. bought a new position in Nuveen Multi-Market Income Fund in the first quarter worth approximately $119,000. Aviance Capital Partners LLC boosted its holdings 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 worth $705,000 after acquiring an additional 6,802 shares in the last quarter. 1607 Capital Partners LLC boosted its holdings in 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 worth $3,176,000 after acquiring an additional 8,850 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake 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 worth $63,000 after purchasing an additional 3,506 shares during the last quarter. 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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