Nuveen Multi-Market Income Fund (NYSE:JMM) Stock Price Down 1.5% – Here’s What Happened

Nuveen Multi-Market Income Fund (NYSE:JMM) shares traded down 1.5% on Friday . The company traded as low as $6.06 and last traded at $6.07. 5,220 shares changed hands during mid-day trading, an increase of 30% from the average session volume of 4,025 shares. The stock had previously closed at $6.16.

Nuveen Multi-Market Income Fund Stock Performance

The company’s 50-day moving average price is $6.05 and its 200-day moving average price is $6.13.

Nuveen Multi-Market Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be paid a $0.029 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 5.74%. The ex-dividend date is Wednesday, January 15th.

Institutional Trading of Nuveen Multi-Market Income Fund

A hedge fund recently bought a new stake in Nuveen Multi-Market Income Fund stock. Transform Wealth LLC purchased a new position in shares of Nuveen Multi-Market Income Fund (NYSE:JMM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 53,860 shares of the company’s stock, valued at approximately $326,000. 67.34% of the stock is owned by hedge funds and other institutional investors.

Nuveen Multi-Market Income Fund Company Profile

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.