Nuveen Multi-Market Income Fund (NYSE:JMM) Trading Down 0.2% – Here’s What Happened

Nuveen Multi-Market Income Fund (NYSE:JMM)’s share price was down 0.2% during trading on Tuesday . The stock traded as low as $5.99 and last traded at $5.99. Approximately 159 shares changed hands during trading, a decline of 98% from the average daily volume of 9,038 shares. The stock had previously closed at $6.00.

Nuveen Multi-Market Income Fund Stock Down 0.2 %

The firm has a fifty day moving average of $6.07 and a two-hundred day moving average of $6.11.

Nuveen Multi-Market Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $0.029 per share. This represents a $0.35 dividend on an annualized basis and a yield of 5.81%. The ex-dividend date is Friday, December 13th.

Hedge Funds Weigh In On Nuveen Multi-Market Income Fund

A hedge fund recently bought a new stake in Nuveen Multi-Market Income Fund stock. Kovitz Investment Group Partners LLC acquired a new position in Nuveen Multi-Market Income Fund (NYSE:JMM) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 132,087 shares of the company’s stock, valued at approximately $840,000. Kovitz Investment Group Partners LLC owned about 1.40% of Nuveen Multi-Market Income Fund as of its most recent SEC filing. 67.34% of the stock is owned by 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.