Shares of Nuveen Multi-Market Income Fund (NYSE:JMM - Get Free Report) rose 0.2% during mid-day trading on Tuesday . The stock traded as high as $5.83 and last traded at $5.83. Approximately 7,959 shares changed hands during trading, an increase of 52% from the average daily volume of 5,252 shares. The stock had previously closed at $5.82.
Nuveen Multi-Market Income Fund Trading Up 0.2%
The company's fifty day moving average price is $5.94 and its 200-day moving average price is $6.06.
Nuveen Multi-Market Income Fund Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be issued a dividend of $0.029 per share. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date is Friday, May 15th.
Hedge Funds Weigh In On Nuveen Multi-Market Income Fund
Large investors have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new position in shares of Nuveen Multi-Market Income Fund during the second quarter valued at approximately $30,000. Fifth Third Bancorp purchased a new position in Nuveen Multi-Market Income Fund in the 1st quarter worth approximately $28,000. Wolverine Asset Management LLC purchased a new position in Nuveen Multi-Market Income Fund in the 4th quarter worth approximately $85,000. Stratos Wealth Partners LTD. raised its holdings in Nuveen Multi-Market Income Fund by 32.7% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 34,843 shares of the company's stock worth $219,000 after acquiring an additional 8,580 shares during the last quarter. Finally, Susquehanna International Group LLP raised its holdings in Nuveen Multi-Market Income Fund by 119.5% in the 3rd quarter. Susquehanna International Group LLP now owns 44,708 shares of the company's stock worth $281,000 after acquiring an additional 24,342 shares during the last quarter. 67.34% of the stock is currently owned by hedge funds and other institutional investors.
Nuveen Multi-Market Income Fund Company Profile
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Get Free Report)
Nuveen Multi-Market Income Fund NYSE: JMM is a diversified, closed-end management investment company managed by Nuveen, a leading global asset manager and subsidiary of TIAA. The fund seeks to provide high current income with the potential for capital appreciation by investing across multiple asset classes and geographies. Its structure allows investors to access a broad range of income-producing securities through a single vehicle.
JMM's investment strategy emphasizes a multi-sector approach, allocating capital to fixed-income sectors such as investment-grade and high-yield corporate bonds, emerging market debt, mortgage- and asset-backed securities, as well as preferred stocks.
Further Reading
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