Nuveen Multi-Market Income Fund (NYSE:JMM) Stock Price Down 0.2% – What’s Next?

Nuveen Multi-Market Income Fund (NYSE:JMM) was down 0.2% during trading on Thursday . The company traded as low as $5.72 and last traded at $5.7410. Approximately 828 shares changed hands during trading, a decline of 86% from the average session volume of 5,768 shares. The stock had previously closed at $5.75.

Nuveen Multi-Market Income Fund Price Performance

The firm’s fifty day moving average price is $5.81 and its 200 day moving average price is $5.94.

Nuveen Multi-Market Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 15th will be issued a dividend of $0.029 per share. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Wednesday, July 15th.

Institutional Trading of Nuveen Multi-Market Income Fund

A number of hedge funds have recently bought and sold shares of JMM. Fifth Third Bancorp purchased a new stake in Nuveen Multi-Market Income Fund during the first quarter worth $28,000. Advisors Asset Management Inc. increased its holdings in shares of Nuveen Multi-Market Income Fund by 1.2% in the 4th quarter. Advisors Asset Management Inc. now owns 252,369 shares of the company’s stock valued at $1,524,000 after acquiring an additional 2,880 shares during the period. Sit Investment Associates Inc. increased its holdings in shares of Nuveen Multi-Market Income Fund by 1.7% in the 4th quarter. Sit Investment Associates Inc. now owns 5,731,653 shares of the company’s stock valued at $34,619,000 after acquiring an additional 96,877 shares during the period. Wolverine Asset Management LLC bought a new position in shares of Nuveen Multi-Market Income Fund in the 4th quarter worth $85,000. Finally, Susquehanna International Group LLP raised its position in shares of 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 in the last quarter. Hedge funds and other institutional investors own 67.34% of the company’s stock.

About Nuveen Multi-Market Income Fund

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.