Nuveen Multi-Market Income Fund (NYSE:JMM – Get Free Report) declared a monthly dividend on Tuesday, September 1st. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.029 per share on Thursday, October 1st. This represents a c) dividend on an annualized basis and a yield of 6.1%. The ex-dividend date is Tuesday, September 15th.
Nuveen Multi-Market Income Fund Stock Down 0.4%
Nuveen Multi-Market Income Fund stock opened at $5.68 on Friday. Nuveen Multi-Market Income Fund has a 12-month low of $5.66 and a 12-month high of $6.49. The firm’s 50-day moving average is $5.80 and its two-hundred day moving average is $5.85.
Institutional Trading of Nuveen Multi-Market Income Fund
Hedge funds have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. increased its holdings in shares of Nuveen Multi-Market Income Fund by 1.2% during the 4th quarter. Advisors Asset Management Inc. now owns 252,369 shares of the company’s stock worth $1,524,000 after buying an additional 2,880 shares during the last quarter. 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. Raymond James Financial Inc. purchased a new stake in Nuveen Multi-Market Income Fund during the second quarter valued at about $30,000. Fifth Third Bancorp acquired a new stake in Nuveen Multi-Market Income Fund during the first quarter worth about $28,000. Finally, Sit Investment Associates Inc. raised its holdings in shares of Nuveen Multi-Market Income Fund by 1.7% in the 4th quarter. Sit Investment Associates Inc. now owns 5,731,653 shares of the company’s stock worth $34,619,000 after purchasing an additional 96,877 shares during the period. 67.34% of the stock is owned by institutional investors and hedge funds.
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.
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