Nuveen Multi-Market Income Fund (NYSE:JMM - Get Free Report) fell 0.6% on Thursday . The company traded as low as $6.15 and last traded at $6.16. 5,616 shares traded hands during mid-day trading, a decline of 18% from the average session volume of 6,814 shares. The stock had previously closed at $6.20.
Nuveen Multi-Market Income Fund Trading Down 0.6%
The company has a fifty day moving average price of $6.10 and a 200 day moving average price of $6.10.
Nuveen Multi-Market Income Fund Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be issued a $0.029 dividend. This represents a $0.35 dividend on an annualized basis and a dividend yield of 5.65%. The ex-dividend date of this dividend is Friday, June 13th.
Institutional Trading of Nuveen Multi-Market Income Fund
Hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN raised its position in Nuveen Multi-Market Income Fund by 50.4% during the fourth quarter. Wells Fargo & Company MN now owns 10,456 shares of the company's stock valued at $63,000 after purchasing an additional 3,506 shares in the last quarter. Stratos Wealth Partners LTD. bought a new position in shares of Nuveen Multi-Market Income Fund during the 1st quarter valued at about $119,000. Aviance Capital Partners LLC increased its position 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 valued at $645,000 after purchasing an additional 19,560 shares during the last quarter. 1607 Capital Partners LLC raised its holdings 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 valued at $3,176,000 after buying an additional 8,850 shares in the last quarter. Finally, Sit Investment Associates Inc. lifted its position in Nuveen Multi-Market Income Fund by 3.6% in the 4th quarter. Sit Investment Associates Inc. now owns 5,575,283 shares of the company's stock worth $33,730,000 after buying an additional 192,829 shares during the last quarter. 67.34% of the stock is owned by institutional investors.
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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