Nuveen Multi-Market Income Fund (NYSE:JMM) Stock Price Down 0.2% – Time to Sell?

Nuveen Multi-Market Income Fund (NYSE:JMM)’s stock price fell 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 trading, a decline of 98% from the average session volume of 9,038 shares. The stock had previously closed at $6.00.

Nuveen Multi-Market Income Fund Trading Down 0.2 %

The stock’s 50-day moving average price is $6.06 and its 200 day moving average price is $6.11.

Nuveen Multi-Market Income Fund Announces Dividend

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

Institutional Investors 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 stake in Nuveen Multi-Market Income Fund (NYSE:JMM) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 132,087 shares of the company’s stock, valued at approximately $840,000. Kovitz Investment Group Partners LLC owned 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 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.