Nuveen Multi-Market Income Fund (NYSE:JMM - Get Free Report) traded down 0.2% during mid-day trading on Tuesday . The stock traded as low as $5.99 and last traded at $5.99. 159 shares were traded during mid-day trading, a decline of 98% from the average session volume of 9,038 shares. The stock had previously closed at $6.00.
The company has a 50-day simple moving average of $6.07 and a 200-day simple moving average of $6.11.
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued 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 of this dividend is Friday, December 13th.
A hedge fund recently bought a new stake in Nuveen Multi-Market Income Fund stock. Kovitz Investment Group Partners LLC purchased a new position in Nuveen Multi-Market Income Fund (NYSE:JMM - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 at the end of the most recent quarter. 67.34% of the stock is owned by institutional investors.
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.
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