Nuveen Multi-Market Income Fund (NYSE:JMM – Get Free Report) crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $5.63 and traded as high as $5.63. Nuveen Multi-Market Income Fund shares last traded at $5.6890, with a volume of 10,932 shares.
Nuveen Multi-Market Income Fund Stock Up 1.4%
The business’s 50 day moving average price is $5.63 and its two-hundred day moving average price is $5.84.
Nuveen Multi-Market Income Fund Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 13th will be issued a dividend of $0.0290 per share. This represents a $0.35 annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Friday, November 13th.
Institutional Trading of Nuveen Multi-Market Income Fund
A number of institutional investors and hedge funds have recently bought and sold shares of JMM. Shaker Financial Services LLC bought a new position in shares of Nuveen Multi-Market Income Fund during the third quarter worth about $74,000. Fifth Third Bancorp acquired a new position in shares of Nuveen Multi-Market Income Fund in the first quarter worth approximately $28,000. Finally, Susquehanna International Group LLP boosted its holdings in Nuveen Multi-Market Income Fund by 16.2% in the second quarter. Susquehanna International Group LLP now owns 28,650 shares of the company’s stock valued at $168,000 after acquiring an additional 3,987 shares during the last quarter. 67.34% of the stock is currently owned by institutional investors and hedge funds.
About Nuveen Multi-Market Income Fund
Nuveen Multi-Market Income Fund is a closed-end management investment company listed on the New York Stock Exchange under the symbol JMM. The fund is designed to provide a high level of current income, with capital appreciation generally considered a secondary objective.
The fund invests in a diversified portfolio of fixed-income securities issued by governments, government agencies and corporations in the United States and other countries. Its holdings may include investment-grade and below-investment-grade bonds, mortgage-backed securities, emerging-market debt and other income-producing instruments.
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