Nuveen Multi-Market Income Fund (NYSE:JMM) Trading Down 0.3% – Should You Sell?

Nuveen Multi-Market Income Fund (NYSE:JMM) shares traded down 0.3% on Tuesday . The company traded as low as $6.17 and last traded at $6.1940. 530 shares were traded during mid-day trading, a decline of 87% from the average session volume of 3,954 shares. The stock had previously closed at $6.21.

Nuveen Multi-Market Income Fund Stock Performance

The company has a 50 day simple moving average of $6.11 and a 200-day simple moving average of $6.20.

Nuveen Multi-Market Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 13th will be paid a $0.029 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%.

Institutional Investors Weigh In On Nuveen Multi-Market Income Fund

Institutional investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. grew its holdings in shares of Nuveen Multi-Market Income Fund by 1.2% in the fourth quarter. Advisors Asset Management Inc. now owns 252,369 shares of the company’s stock worth $1,524,000 after purchasing an additional 2,880 shares during the last quarter. Susquehanna International Group LLP lifted its holdings 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 worth $281,000 after buying an additional 24,342 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Nuveen Multi-Market Income Fund in the 2nd quarter valued at approximately $30,000. Sit Investment Associates Inc. boosted its holdings in shares of Nuveen Multi-Market Income Fund by 1.7% during the 4th quarter. Sit Investment Associates Inc. now owns 5,731,653 shares of the company’s stock valued at $34,619,000 after buying an additional 96,877 shares in the last quarter. Finally, Wolverine Asset Management LLC bought a new stake in Nuveen Multi-Market Income Fund during the fourth quarter worth about $85,000. 67.34% of the stock is currently owned by hedge funds and other institutional investors.

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.