Shares of Nuveen Multi-Market Income Fund (NYSE:JMM - Get Free Report) rose 0.3% on Tuesday . The company traded as high as $5.92 and last traded at $6.04. Approximately 1,064 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 6,841 shares. The stock had previously closed at $6.02.
Nuveen Multi-Market Income Fund Price Performance
The stock has a 50 day simple moving average of $6.08 and a two-hundred day simple moving average of $6.08.
Nuveen Multi-Market Income Fund Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be paid a $0.029 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.35 dividend on an annualized basis and a yield of 5.71%.
Institutional Trading of Nuveen Multi-Market Income Fund
A number of hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN lifted its position 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 valued at $63,000 after buying an additional 3,506 shares during the last quarter. Aviance Capital Partners LLC lifted its position in shares of 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 valued at $705,000 after buying an additional 6,802 shares during the last quarter. 1607 Capital Partners LLC lifted its position in shares of 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 valued at $3,176,000 after buying an additional 8,850 shares during the last quarter. Stratos Wealth Partners LTD. acquired a new stake in shares of Nuveen Multi-Market Income Fund in the first quarter valued at approximately $119,000. Finally, Transform Wealth LLC acquired a new stake in Nuveen Multi-Market Income Fund during the 4th quarter worth approximately $326,000. 67.34% of the stock is owned by institutional investors and hedge funds.
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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