Nuveen Multi-Market Income Fund (NYSE:JMM) Trading 0.1% Higher – Here’s What Happened

Nuveen Multi-Market Income Fund (NYSE:JMM) shares shot up 0.1% during trading on Tuesday . The company traded as high as $6.03 and last traded at $6.0150. 25,634 shares were traded during trading, an increase of 13% from the average session volume of 22,662 shares. The stock had previously closed at $6.01.

Nuveen Multi-Market Income Fund Price Performance

The stock has a 50 day moving average price of $6.14 and a two-hundred day moving average price of $6.25.

Nuveen Multi-Market Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a dividend of $0.029 per share. The ex-dividend date is Monday, December 15th. This represents a c) dividend on an annualized basis and a yield of 5.8%.

Institutional Trading of Nuveen Multi-Market Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of JMM. 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 valued at $281,000 after acquiring an additional 24,342 shares during the period. Seven Mile Advisory acquired a new position in Nuveen Multi-Market Income Fund during the third quarter valued at approximately $558,000. Advisors Asset Management Inc. increased its stake in 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 valued at $1,569,000 after purchasing an additional 146,395 shares in the last quarter. Stratos Wealth Partners LTD. raised its holdings in Nuveen Multi-Market Income Fund by 32.7% in the third quarter. Stratos Wealth Partners LTD. now owns 34,843 shares of the company’s stock worth $219,000 after purchasing an additional 8,580 shares during the period. Finally, Aviance Capital Partners LLC raised its holdings in Nuveen Multi-Market Income Fund by 17.3% in the third quarter. Aviance Capital Partners LLC now owns 135,772 shares of the company’s stock worth $854,000 after purchasing an additional 20,053 shares during the period. 67.34% of the stock is owned by institutional investors.

Nuveen Multi-Market Income Fund Company Profile

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.