Nuveen Multi-Market Income Fund (NYSE:JMM) Stock Price Up 0.2% – Here’s Why

Nuveen Multi-Market Income Fund (NYSE:JMM) shares rose 0.2% during trading on Tuesday . The stock traded as high as $6.18 and last traded at $6.1550. Approximately 9,835 shares traded hands during trading, a decline of 6% from the average daily volume of 10,428 shares. The stock had previously closed at $6.14.

Nuveen Multi-Market Income Fund Stock Performance

The firm’s 50-day simple moving average is $6.23 and its 200 day simple moving average is $6.26.

Nuveen Multi-Market Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be paid a $0.029 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a c) annualized dividend and a yield of 5.6%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Advisors Asset Management Inc. lifted its holdings in shares of Nuveen Multi-Market Income Fund by 142.0% in the third quarter. Advisors Asset Management Inc. now owns 249,489 shares of the company’s stock worth $1,569,000 after acquiring an additional 146,395 shares during the last quarter. Seven Mile Advisory acquired a new position in Nuveen Multi-Market Income Fund during the 3rd quarter worth approximately $558,000. M Holdings Securities Inc. bought a new position in Nuveen Multi-Market Income Fund in the 2nd quarter valued at approximately $230,000. Susquehanna International Group LLP boosted its position in Nuveen Multi-Market Income Fund by 119.5% in the third quarter. Susquehanna International Group LLP now owns 44,708 shares of the company’s stock valued at $281,000 after buying an additional 24,342 shares in the last quarter. Finally, Sit Investment Associates Inc. grew its stake in shares of Nuveen Multi-Market Income Fund by 0.4% during the first quarter. Sit Investment Associates Inc. now owns 5,596,197 shares of the company’s stock worth $34,808,000 after buying an additional 20,914 shares during the last quarter. Institutional investors and hedge funds own 67.34% of the company’s stock.

About Nuveen Multi-Market Income Fund

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.