Nuveen Multi-Market Income Fund (NYSE:JMM) Trading Down 0.2% – Here’s What Happened

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

Nuveen Multi-Market Income Fund Price Performance

The firm has a 50-day simple moving average of $5.81 and a 200-day simple moving average of $5.93.

Nuveen Multi-Market Income Fund Announces Dividend

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

Institutional Trading of Nuveen Multi-Market Income Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fifth Third Bancorp purchased a new stake in Nuveen Multi-Market Income Fund in the 1st quarter worth approximately $28,000. Raymond James Financial Inc. bought a new stake in shares of Nuveen Multi-Market Income Fund during the 2nd quarter valued at $30,000. Wolverine Asset Management LLC purchased a new position in shares of Nuveen Multi-Market Income Fund during the 4th quarter valued at $85,000. Susquehanna International Group LLP increased its stake 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 buying an additional 24,342 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in Nuveen Multi-Market Income Fund by 1.2% during the fourth 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. 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.