Nuveen Multi-Market Income Fund (NYSE:JMM - Get Free Report)'s stock price dropped 0.6% on Thursday . The stock traded as low as $6.15 and last traded at $6.16. Approximately 5,616 shares changed hands during mid-day trading, a decline of 18% from the average daily volume of 6,814 shares. The stock had previously closed at $6.20.
Nuveen Multi-Market Income Fund Price Performance
The company's fifty day moving average is $6.12 and its two-hundred day moving average is $6.10.
Nuveen Multi-Market Income Fund Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be issued a $0.029 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.35 annualized dividend and a yield of 5.62%.
Hedge Funds Weigh In On Nuveen Multi-Market Income Fund
Hedge funds and other institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN increased its holdings in Nuveen Multi-Market Income Fund by 50.4% in the 4th quarter. Wells Fargo & Company MN now owns 10,456 shares of the company's stock worth $63,000 after buying an additional 3,506 shares during the period. Stratos Wealth Partners LTD. purchased a new stake in Nuveen Multi-Market Income Fund in the 1st quarter worth approximately $119,000. Aviance Capital Partners LLC grew its stake in shares of Nuveen Multi-Market Income Fund by 22.5% during the 4th quarter. Aviance Capital Partners LLC now owns 106,618 shares of the company's stock worth $645,000 after purchasing an additional 19,560 shares during the period. 1607 Capital Partners LLC grew its stake in shares of Nuveen Multi-Market Income Fund by 1.7% during the 4th quarter. 1607 Capital Partners LLC now owns 524,932 shares of the company's stock worth $3,176,000 after purchasing an additional 8,850 shares during the period. Finally, Sit Investment Associates Inc. grew its stake in shares of Nuveen Multi-Market Income Fund by 3.6% during the 4th quarter. Sit Investment Associates Inc. now owns 5,575,283 shares of the company's stock worth $33,730,000 after purchasing an additional 192,829 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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